Memo #
21172

Presentation on Australian Class Action Litigation and Institutional Investors as Plaintiffs; Conference Call Scheduled May 30, 2007
| Print

 

 

[21172]

 

May 22, 2007

TO: INTERNATIONAL COMMITTEE No. 13-07
INTERNATIONAL INVESTING SUBCOMMITTEE No. 6-07     RE: PRESENTATION ON AUSTRALIAN CLASS ACTION LITIGATION AND INSTITUTIONAL INVESTORS AS PLAINTIFFS; CONFERENCE CALL SCHEDULED MAY 30, 2007

 

We will host a conference call presentation on the Australian class action system and institutional investors’ participation in Australian class actions on Wednesday, May 30, 2007 at 6:00 p.m. Eastern time.  Michael Legg, who practices commercial litigation with the Clayton Utz law firm in Sydney, Australia will make a presentation, followed by a question-and-answer session.  We expect the call to last approximately one hour. 

 

Michael plans to cover the following topics:

  • an overview of the Australian class action procedure
  • a comparison between the Australian class action procedure and the U.S. class action
  • the Australian rule on costs (referred to in the United States as the English rule)
  • litigation funding (a version of contingency fees)
  • the effect of the Australian legal environment (all of the above) on institutional investor's participation in class actions

 

If you plan to join the call, please send an e-mail Ruth Tadesse at rtadesse@ici.org or call her at 202-326-5836.

 

Call information:             

              Date and time:  Wednesday, May 30, 2007, 6:00 p.m. Eastern time

              Dial-in Numbers:  Toll-free:  800-369-1120              Toll:  +1-517-308-9451

              Passcode:              54762

 

Glen S. Guymon
Assistant Counsel - International Affairs