Securities Class Actions: Anglo-American Comparison and Cross-Border Implications

Abstract:     
A comparative study examining English and American multi-party proceedings in the context of securities litigation. The Article compares the basic rules on multi-party proceedings and the recent developments in the two jurisdictions, and then examines their cross-border implication in view of the recent US Supreme Court decision of Morrison v National Australia Bank Ltd (2010).

Part of a collection entitled 'Contract Law and Civil Justice Special Issues In Memory of Kurt Lipstein', edited by M Andenas, N Andrews and M Tamaruya. This paper and related papers have been accepted for publication and will appear in one of two special series in European Business Law Review (2011)(papers on contract) and (2012) (papers on procedure and civil justice).

Number of Pages in PDF File: 27

Keywords: securities, class actions, multi-party proceedings

JEL Classification: K4, K40

working papers series