Partner Sarah Houghton and Associate Zac O'Brien recently wrote an article for Law Society Gazette on the rise of large scale class action litigation in competition damages cases, in light of the introduction of the Consumer Rights Act 2015 and the increased availability of litigation funding. The article examines the benefits of group actions, as well as what directors need to be mindful of when pursuing claims.
Sarah said " The benefits of group actions include dispersion of costs, access to more information and potentially greater negotiating power. However, for individual companies, class actions can involve a loss of control over the strategic direction of the claim. Individual companies may also choose to join together through joint case management or formally joining claims with other similar companies in a smaller group to regain some of the advantages of group actions while retaining some control over their claims."
Read the full article here.