Comparative Class Action Funding: a Multi-Jurisdictional Examination (Video Download)
Class actions funding models differ across jurisdictions for historical and policy reasons. In the US, the plaintiffs’ bar is traditionally self- or debt-financed in conjunction with diversification through co-counseling. Whereas in Europe, adverse costs and limitations on contingency representation necessitate third-party funding and after the event insurance. And in Canada, there is a different system all together. This topic has increasing importance in light of US firms’ expansion across the Atlantic and the rise of multi-jurisdictional class action campaigns. The panel will explore the benefits and drawbacks of various models, as well as explore whether the US model is ripe for disruption.
Speakers:
Dai Wai Chin Feman (Moderator), Managing Director, Parabellum Capital
Kyle Taylor, Partner, Orr Taylor
Luke Streatfeild, Partner, Hausfeld
Michael Dell'Angelo, Executive Shareholder, Berger Montague
Manuel "John" Dominguez, Partner, Cohen Milstein
Recorded at the 2024 Class Action Money & Ethics Conference held on May 6, 2024, at the Harmonie Club, New York City. Presented by Beard Group Inc.