The former Lord Chancellor, Lord Falconer, has predicted an explosion of 'mega-litigation' in the aftermath of this week's collapse of Lehman Brothers. Delivering the keynote speech at the Legal Week Litigation Forum in London this morning, Falconer said the demise of the US's fourth-largest investment bank would be a turning point for credit crunch-related litigation, unlocking a flood of cases."There is going to be litigation on a scale that we have not seen before," he told the conference, predicting the emergence of "a new era" for litigation and dispute resolution.
September 17, 2008 at 08:43 AM
1 minute read
The original version of this story was published on Legalweek
The former Lord Chancellor, Lord Falconer, has predicted an explosion of ‘mega-litigation’ in the aftermath of this week’s collapse of Lehman Brothers.
Delivering the keynote speech at the Legal Week Litigation Forum in London this morning, Falconer said the demise of the US’s fourth-largest investment bank would be a turning point for credit crunch-related litigation, unlocking a flood of cases.
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