In late July, I commented on a possible trend in courts allowing foreign investors to be included as class members in securities class actions filed in U.S. courts. At the time, the primary decision allowing foreign investors to be included in an opt-out securities class was In re Vivendi Universal, S.A. Sec. Litig., 242 F.R.D. 76 [...]
Archive for September 8th, 2008
Not So Fast: The Push to Internationalize Securities Class Actions Hits a Bump in the Rue
Posted in Class Action Trends, Federal Court Decisions, International Class Action Law, tagged france collective action, french collective action, full faith and credit, international class action, preclusion, res judicata, securities class action, transnational class action on September 8, 2008 | 1 Comment »
Class Actions as a Weapon to Stifle Democracy?
Posted in Class Action News, Class Action Trends, International Class Action Law, tagged Class Action Legislation, class action reform, democracy, dissent, freedom of speech, International Class Action Law, korean class action law on September 8, 2008 | 1 Comment »
A few weeks ago, I commented on legislation proposed in Korea that would allow people harmed by public protests to bring class action lawsuits against the protesters. On Friday, progressive Korean newspaper The Hankyoreh published an editorial criticising the proposal as anti-democratic effort to squelch peaceful dissent. The editorial discusses the use of class actions in the [...]
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