fbpx
News
April 30, 2019

“Lawyers Win Big In The US Collective Action System”

In a letter to the editor of the Financial Times (paywall), U.S. Chamber Institute for Legal Reform President Lisa A. Rickard said European consumers “deserve a collective action system that is fair and just for them, not one designed as a payment scheme for plaintiffs’ lawyers and the third-party funders.” A bill currently before the European Parliament would institute a Union-wide class action system.

Rickard wrote in response to a piece that hailed U.S.-style class action lawsuits, or collective actions, as a meaningful mechanisms for consumer redress. However, she pointed to a 2015 study from the U.S. Consumer Financial Protection Bureau  of research that found that “just 13 per cent of US class actions result in a payout for consumers” and a 2018 study that found that “only 57 cents of every dollar went to plaintiffs.”

Gavel and Union Jack Blog UK Class Actions Are on the Rise, Thanks to Litigation Funding International Initiatives, Third Party Litigation Funding (TPLF) Blog European Parliament Legal Affairs Committee Adopts TPLF Legislative Initiative Report International Initiatives, Third Party Litigation Funding (TPLF) Image of the UK Supreme Court Blog An Update on the Current UK Litigation Landscape: Podcast Review International Initiatives Blog American and European Business Groups Release Joint Statement in Support of EU TPLF Regulation  International Initiatives Blog Third Party Litigation Funding: Buying Trouble Across the Globe International Initiatives, Third Party Litigation Funding (TPLF)

Cookie Notice

By clicking “I Accept”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

Cookie Notice

By clicking “I Accept”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. Review Settings