US class action star targets UK (The Sunday Times)
April 6th, 2007
US class action star targets UK (The Sunday Times)
Big business beware: litigation supremo Michael Hausfeld is setting up shop in Britain and he’s in the mood for a good fight. By Holly Watt
IN American corporate boardrooms, the mere mention of the name Michael Hausfeld is enough to spread panic among directors and investors.
He is one of the country’s top litigators who has won billions in compensation for everyone from Holocaust victims to Alaskan fishermen and consumers ripped off by Microsoft. This month Hausfeld is opening a London office and is preparing an aggressive assault on British companies. In an exclusive interview with The Sunday Times this weekend, he said that there “are laws [in Britain] and they’re not being enforcedâ€.
From the new London office, the firm will take on a wide range of cases across the corporate spectrum. He reels them off: “We’re looking at competition, cartel enforcement, human rights, employment, investor rights and environmental issues.â€
Further references relevant to this post:
Cohen Milstein is First U.S. Plaintiffs’ Law Firm to Open Office in Europe
A Wary Europe Moves a Step Closer to Class Actions
Cohen Milstein is moving to London!
London: ‘lawsuit laboratory’
Entry Filed under: Accountability, Accounting, Auditors, Banks, Bondholders, Business malpractice, Class Actions, Compliance, Conflicts of interest, Consumer Rights, Corporate Governance, Creditors, Democracy, Double Standards, Finance, Fraud, Government, Insurance, Intellectual Property, Investment Banks, Kickbacks, Law, Litigation, Mis-selling, Negligence, Pensions and savings, Regulators, Responsibility, Security, Share dealing, Shareholder Rights, SmartLogik Action Group, Stockbroking



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