London Calling

For more on U.S. securities plaintiff firms representing foreign investors, here are two articles from The Times and the Evening Standard discussing the City of London’s apparently unwitting (initially) role in bringing a derivative lawsuit against British Petroleum’s officers and directors in Alaska state court.

Quote of note (The Times): “It is rare for British pension funds to take legal action against the companies in which they invest, but American lawyers are increasingly identifying London as a potential new market for aggrieved investors. Some UK-based companies have expressed concern to The Times that these lawyers are trying to export their no-win, no-fee system to Britain.”