Legal action peaks against FTSE 100

High Court cases against the FTSE 100 are averaged 2 per company last year, up 76% on the 1.14 average of the previous year.

FTSE 100 under attack KenDrysdale

An analysis from Thomson Reuters Lawtel shows the rise in the year end to 30 June. The stats show a peak which has not been surpassed since the credit crisis. Ros Innes of Thomson Reuters said: 'There was a substantial increase in litigation against banks in particular at the outset of the financial crisis, and now we are seeing what looks like a second spike. Since claimants generally have up to six years in which to  bring their case, it can take a while for disputes to reach the courts so there is every possibility that there are more cases involving financial services to come.' Source: Lawyer Monthly

Email your news and story ideas to: [email protected]

Top