kaal:claim:1664809-012

The lack of securities class actions in European jurisdictions creates a void that increases the incentives for forum shopping by plaintiffs' lawyers.

Source quote, verbatim

This void increases incentives for forum shopping by

From

Richard W. Painter, Wulf A. Kaal, Extraterritorial Application of US Securities Law – Will the US Become the Default Jurisdiction for (2010), 4. THE IMPACT OF TRANSNATIONAL SECURITIES LITIGATION, p. 4
https://ssrn.com/abstract=1664809 · source PDF

Cite as

Richard W. Painter, Wulf A. Kaal, Extraterritorial Application of US Securities Law – Will the US Become the Default Jurisdiction for (2010). SSRN: https://ssrn.com/abstract=1664809

Holds when

European jurisdictions that do not offer securities class actions

Classification

mechanismsupport: arguedlaw-and-legal-systems

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