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December 8, 2017

U.S.-Style “Follow-On” Securities Lawsuits on the Rise Internationally

9th Circuit Strikes Constitutional Challenge to the Arbitration Act: The 9th Circuit ruled against plaintiffs in a constitutional challenge to the Federal Arbitration Act after their false advertising claims were sent to arbitration. The court said the plaintiffs had to show that AT&T’s actions were “attributable to the state” in order to challenge the constitutionality of the law. (The Recorder)

Growth in class actions to come under scrutiny: The Australian Law Reform Commission will explore whether there is a need for regulations on third party litigation funders after it was found that half of all Australian class actions were supported by litigation funders. In 2014, ILR President Lisa Rickard urged the government to regulate the funders, who were “influencing, investing and spreading across the globe.” (The Australian)

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) Letters, Comments, Petitions Coalition Letter on H.R. 963, the "FAIR Act" Arbitration

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