Mass Actions March Ahead in the UK – Be Careful What You Wish – Redux
The Morrison ruling pushed overseas many securities claims formerly brought in the US. It’s a classic example of "be careful what you wish for." Now, as covered by Alison Frankel, mass action litigation is heating up in the UK against RBS. Kevin LaCroix also laments the spread at D & O Diary.
Perhaps we soon will hear that London’s High Court is a "judicial hellhole"?