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.
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.
The size of the damages amongst the Therium is co-funding with another litigation funder and its group is expected to be the largest in the claim.
Class Action / Securities
Financial Services
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