Will the COVID Pandemic Spark a Return in GFC-Type Financial Market Litigation?

Q2 Social Sciences

Law and Financial Markets Review Pub Date : 2020-07-02 DOI:10.1080/17521440.2020.1788264

J. Heller, Gene Phillips

引用次数: 1

Abstract

Institutional and retail investors alike litigated extensively after the 2007–2009 Global Financial Crisis (“GFC”), alleging claims for misconduct of all varieties, resulting in settlements amounting to tens of billions of dollars. Many of these same claims may return during and in the aftermath of the current crisis, the COVID-19 pandemic. Although the exact financial instruments at issue may differ, this article draws parallels between GFC-era cases to the types of litigation that can be expected to arise out of financial losses suffered during the COVID-19 pandemic.

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新冠疫情是否会引发全球金融危机类型的金融市场诉讼?

2007-2009年全球金融危机（“GFC”）后，机构投资者和散户投资者都提起了广泛的诉讼，指控各种不当行为，最终达成了数百亿美元的和解。许多同样的说法可能会在当前危机新冠肺炎大流行期间和之后再次出现。尽管所讨论的确切金融工具可能有所不同，但本文将GFC时代的案件与新冠肺炎疫情期间遭受的财务损失可能引发的诉讼类型进行了比较。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Law and Financial Markets Review LAW-

CiteScore

1.40

自引率

0.00%

发文量

期刊介绍： The Law and Financial Markets Review is a new, independent, English language journal devoted to providing high quality information, comment and analysis for lawyers specialising in banking and financial market issues and to others with interests in legal and regulatory developments affecting the financial markets. Published four times a year LFMR contains articles written by leading experts providing a forum for practical guidance on, as well as reflective and topical analysis of, all major jurisdictions, with a particular focus on the interaction between the law and market practice and behaviour.