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European Union Has Spoken: Collective Actions Are Important for Society
Broadridge's Steve Cirami shares insights in the Corporate Counsel Business Journal on European Union class and collective action laws.
A significant spike in securities class actions became globally evident with the U.S. Supreme Court’s 2010 decision in Morrison. Countries with class and collective action laws, such as the Netherlands and Germany, witnessed increased securities litigation. Many other countries over the decade enacted new class and collective action legislation. Most recently, the European Union Parliament passed an EU-wide collective action statute, which we review in detail.
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