Andrew Mizner of ICLG shares highlights from the 2021 edition of the Global Class Actions Symposium. Third-party funding is “changing the market significantly”, opening a wider range of cases, explained Chris Warren-Smith, a London partner with Morgan Lewis & Bockius, in particular for securities and tax claims. We are starting to see a lot more types of actions funded,” he continued, describing funders as sophisticated operators, making “a very intelligent deployment of capital”. Read more.
Keir Baker and Chris Warren-Smith of Morgan, Lewis & Bockius analyse a landmark representative actions directive that they predict will reshape the landscape for consumer class actions across the EU.
Rob Harkavy of Global Legal Group argues that the report on third-party funding by German MEP Axel Voss, which was recently ratified by the European Parliament, has been watered down to such a degree from its restrictive first draft that some of the most ardent anti-regulation advocates are finding it difficult to disagree with its proposals.
The UK data protection collective action against Google and its DeepMind subsidiary has been discontinued in its current form, according to reports. Group representative Andrew Prismall and Mishcon de Reya have withdrawn their action for data privacy breaches which was on behalf of a 1.6 million-strong class whose confidential data was shared in breach of data protection law. The withdrawal of the case is likely influenced by the failure of advertising cookies case Lloyd v Google, which was rejected by the Supreme Court in November last year.
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