Focus (Forum & Focus)
Jul. 18, 2007
Europe Reimagines Class Action
Forum Column - By Natalie Prescott - The EU is attempting to adopt American-style consumer protection without its attendant litigation problems.
By Natalie Prescott
Many European countries recently passed legislation allowing class actions - an unprecedented move, which led to a wave of securities lawsuits in Europe. Due to the European Union's greater emphasis on consumer protection, the need to borrow U.S. class action principles is growing stronger, as is the need for a uniform class action system in Europe. Therefore, although most changes are still oc...
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