Significant increase in Securities Litigation against banks in the US – is it transferrable to Europe?

Two recent research reports by the Cornerstone Research and the Stanford Law School Securities Class Action Clearinghouse noted an increase in securities class litigation against banks, and a decrease in a number and value of securities settlements during 2008. Although the Reports suggest that this does not indicate a stable trend, there is no doubt that the current financial crisis has triggered changes in litigation patterns.

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Report and Green Paper on Brussels I Regulation

On 21 April 2009 the Commission published a Report and Green Paper on the application of the Council Regulation (EC) No 44/2001 on jurisdiction and the recognition and enforcement of judgements in civil and commercial matters. The Commission invited all interested parties to submit their observations about the Green Paper by 30 June 2009.

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