Stuart Maleno and Dakota Glasgow-Simmonds of Clyde & Co comment on a group action currently being spearheaded in the UK by law firm Harcus Parker on behalf of over 200,000 borrowers who allege that the defendant lenders failed to treat them fairly, and anticipate further similar claims to be brought in the near future given the quantum of potential damages and the fact that some litigation funders are reportedly already alert to this “mortgage prisoner” issue. Read more.
Bench Walk is backing a claim against Visa and Mastercard to be filed by Harcus Parker at the UK Competition Appeal Tribunal (CAT) on behalf businesses that accept consumer credit and debit cards.
Litigation law firm Harcus Parker is pursuing group litigation – which is insured and backed by in excess of £10m of litigation funding – to reclaim undisclosed commissions paid by gas and electricity suppliers to brokers without customers’ knowledge, with upwards £2bn in damages at stake.
Frederick Fein of Clyde & Co argues that large public companies are especially vulnerable to nuclear verdicts – exceptionally high jury verdicts (>$10m) that exceed what most would consider reasonable – which show no sign of slowing down, with drivers including rising corporate mistrust, growth in third party litigation funding and fake advertising.
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