High Court cases against FTSE100 companies soar to 5-year high
31st May 2017
Research by Thomson Reuters found that High Court cases against FTSE100 companies have more than doubled compared to the number of cases five years ago reports Out-Law.com.
Banking in particular, has seen the largest increase in cases, with a 14% increase last year.
Thomson Reuters attributes the rise in High Court cases to globalization and also notes that “another factor driving the continued rise in claims being brought against banks and other businesses is the increasing number of litigation funders helping fund cases that might not otherwise have been pursued”.