Defense apprehensions that American plaintiffs lawyers are "exporting" abusive class action habits to Europe may be premature, but 2006 clearly has seen a growing European interest in handling large volumes of similar claims. In a parallel development, while American plaintiffs lawyers advise European policymakers on loosening laws that restrict class actions, they are trying to increase their recoveries in American securities litigation by adding new clients from among European institutional investors.
A Wary Europe Moves a Step Closer to Class Actions
The National Law Journal
December 5, 2006