Australia - Class Action Funders, and Competition Between Lawyers to Pursue Securities Class Action Claims

A Mondaq article from the Deacons law firm provides an interesting example of how entrepreneurial claiming is changing the face of litigation. The article is a brief but illuminating account of current, ongoing competition between multiple securities class action claims brought by different law firms, with some of the litigation financed by professional litigation funders. As a result of the litigation funders, the class claims are not identical, adding a new wrinkle to the mix as to coordination of litigation.