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Posts Tagged ‘italy class action’

A Securities Docket post today tipped me off to this Reuters article discussing the enactment of “Italy’s first law establishing class actions.”  The law will take effect January 2010 and will apply only to conduct occuring after the law’s effective date.  At first, I wasn’t sure whether this April 1, 2008, ClassActionBlawg article announcing Italy’s first class action law was just very prescient or an April fool’s joke, but according to the Reuters article, “The law is part of the so-called development package promoted by Development Minister Claudio Scajola, which has been before parliament for nearly a year.”

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