Class Action Risk 2018 – Allens
Class action filings have continued to rise. More class actions have been filed in 2017 and 2018 than ever before. The primary driver for this trend is more and more plaintiff lawyers and third party funders bringing class actions in the hopes of sharing in the spoils of a substantial settlement (or, very occasionally, a judgment). It is extraordinarily challenging for companies to assess class action risk in this rapidly changing environment. While filings are one indicator of class action risk, a proper assessment requires a holistic assessment of the broader class action landscape.
To provide that broader context, and give practical guidance to those responsible for assessing and managing class action risk, in this latest edition of our Class Action Risk reports we have provided an overview of the indicators and drivers of class action risk, with a particular focus on the way in which the class action landscape has changed over the course of the past two years.