Expert Forum: Competition Collective Actions in Financial Markets

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At this Cornerstone Research conference in London, attorneys and economists discussed economic and legal issues arising in competition collective action litigation against the UK’s financial services sector.

This expert forum, hosted by Cornerstone Research, featured lawyers and economists in conversation about issues relevant to competition collective action litigation against the UK’s financial services sector. The discussion also explored lessons from similar collective actions in other jurisdictions, as well as from past CPO applications in the UK. Topics included:

  • The implications of the Court of Appeal’s decision in Merricks v. Mastercard.
  • The issues raised in competition collective actions involving financial markets, including:
    • Defining class members: Claimants may participate on both the buy and sell sides of the market.
    • Establishing common issues: Claimants’ portfolios, risk tolerance and net exposure to price movements may differ.
    • Estimating harm: What overcharge and pass-through mean in practice in financial markets.

     

Speakers

  • Silicon Valley

Allan W. Kleidon

Senior Vice President

  • London | Washington

Greg Leonard

Senior Vice President

  • New York

Darwin V. Neher

Senior Vice President

  • Boston | London

Vivek Mani

Vice President

Additional Speaker

James Flynn QC
Brick Court Chambers