It’s been obvious for years that lawyers, litigation funders and MBAs could and would engineer global class actions almost as well (maybe better) than financial engineers would engineer tax avoidance. And Morrison laid much of the groundwork back in 2009, which some of us saw coming.

Global securities class actions are now very real and powerful.  Professor John Coffee lays out some of the engineering of global class actions in a wonderfully succinct new article of September 19, 2016 on Columbia’s Blue Sky Blog.