Litigation and the Credit Crunch - Ed Shorrock in Business Brief

From the first symptoms of the credit crunch in the summer of 2007, many commentators and analysts predicted a wave of litigation which would engulf players in the financial markets. Eighteen months on and those predictions seem out of kilter with reality. Apart from a few skirmishes at the outset involving Barclays and Bear Stearns and the home grown Northern Rock fiasco, there has been little by way of litigation in the UK and Jersey as a result. Exceptionally, but unsurprisingly, the class action law suits in the US are gathering apace.

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