DRRT's Global Loss Recovery Blog

Italian Class Action Law Passed

Posted by Joseph Gulino on May 13, 2019 12:29:04 PM

On Wednesday, April 3, the Italian parliament passed a long-awaited class action law with broad application.  The road to the creation of this law has taken many years, and it will not be fully in force until next year.  While this is a welcome development for institutional investors in publicly traded companies, it could be significant amount of time before we see any real case develop, particularly relating to securities claims, as the law only apply to events taking place after the entry in force.

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Topics: Class Action, Italy