People Power - Collective Actions in Europe
International Bar Association
June 10, 2010
Thomas A. Dubbs commented on the new rules set out in the UK's Financial Services Bill and collective actions in Europe
New York-based Thomas A. Dubbs, Partner of Labaton Sucharow and a specialist in plaintiff class action suits in the securities field, says: "The new rules set out in the UK's Financial Services Bill (FSB) will open new options for UK investors. But if the FSB is passed, lawyers will have to make more discriminating judgments as to whether clients should pursue actions in the UK or the US." These will be affected, he says, by a range of issues; from substantive law matters to the mechanisms of bringing proceedings to costs and potential damages.