The Korea Times reported today that South Korea’s first ever class action has been given a preliminary approval to move forward, as a local court selected a private equity fund as representative plaintiff. According to the article, the suit is the first filed under a South Korean securities class action law that was passed in 2005. The use [...]
Posts Tagged ‘south korea class action’
South Korea’s First Class Action
Posted in Class Action Decisions, Class Action News, International Class Action Law, tagged International Class Action Law, securities class action, shareholder class action, south korea, south korea class action on June 25, 2009 | Leave a Comment »
Could Korean Serial Killer Class Action Be Worth Billions?
Posted in Class Action News, International Class Action Law, tagged International Class Action Law, south korea class action, south korea serial killer on February 16, 2009 | 1 Comment »
According to South Korean newspaper JoongAng Ilbo, families of five victims have filed a “class-action” against a confessed serial killer, seeking to recover more than a billion won. The eye-catching amount sought in the case loses some of its “wow” factor when one considers that a billion won, translated into U.S. dollars, amounts to just over $700,000. Regardless of [...]
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