Class action risk has become a major issue for boards, senior management and general counsel. A key question often asked in that context is whether the changing nature of the class actions landscape poses an increasing area of risk for Australian corporates.
Assessment of class action risk requires an understanding of objective data and trends. With that in mind, we have conducted a survey of the class actions filed in the Federal and Supreme Courts over the last ten years.
Surprisingly, this sort of ten year survey has not been readily available to inform the debate in relation to class action risk. This research will provide practical guidance to people responsible for understanding and managing class action risk and who want to be able to address the topic armed with an understanding of the data and trends.
For more, download the report (PDF 350KB).