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Disclosure developments in group claims

In a handful of group claim decisions in the last few months of 2024 a body of cases favouring early or broad disclosure to claimants has emerged, although the Courts nevertheless remain rightly mindful of the need to ensure that claimants are not assisted in fishing expeditions for claims they do not yet have a...

The narrowing of s.90A FSMA?

Last Friday, 25 October 2024, Leech J handed down an important decision in which he granted reverse summary judgment on a claim for price/market reliance in a s.90A FSMA (Allianz Funds Multi-Strategy Trust & Ors v Barclays Bank Plc [2024] EWCH 2710 (Ch). The core issue in question in this case is whether an investor...

GLOs: a procedure of last resort?

When does having a group engaged in litigation justify a Group Litigation Order? The recent decision in Hammon v UCL [2024] EWHC 1744 (KB) suggests that the Court’s position on this has now evolved and that the door to such orders is not as open as it was in the first fifteen years or so...