Governance Financial Services Class Action Collective Redress Group Litigation Investor Loss Securities Claim

UK Group Securities Litigation

The Case

This case involves a substantial High Court group claim being brought by a group of institutional shareholders against a major LSE-listed Defendant, in which the Claimants are claiming damages for breach of section 90 of the Financial Services and Markets Act (FSMA) as a result of untrue and misleading statements contained within and omissions from the prospectuses published to accompany the Defendant’s IPO and a subsequent merger.

Why It’s Significant

The claim is an example of a large securities action in the UK in which there are multiple groups pursuing claims. The total damages claimed are likely to run into billions of GBP.