US class actions


News that Cherie Booth QC is to help represent two local authority pension funds seeking to bring a US class action against the Royal Bank of Scotland has dominated the media over the last day or so. US securities class actions are big business on the other side of the pond. Although it is not entirely new territory for UK and European investors, it is still very much in its infancy. So just what is involved for UK pension funds looking to get their slice of the American pie and is there any obligation to do so?

Download PDF