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Faut-il introduire en France une class action d'actionnaires (Securities Class Actions) ?

Author

Listed:
  • Gurvan Branellec

    (BBS - Brest business school)

  • Ji-Yong Lee

    (Audencia Business School)

Abstract

After the introduction of the class action in French consumer law, we can question the relevance of the introduction of securities class action in France. To answer this question, this paper examines the usefulness and the functioning of the Anglo-Saxon model. Securities fraud class actions originating in the United States account for nearly half of all types of class actions. This legal proceeding is a most common manner by which a large group of shareholders seeks to recover damages based upon claims of fraudulent statements, but it can be a source of excessive and abusive litigation. In France, French shareholders who suffer economic injury have difficulties in recovering damages. French law can therefore draw inspiration from the Anglo-Saxonmodel while limiting its excesses. Proposals are made for this purpose.

Suggested Citation

  • Gurvan Branellec & Ji-Yong Lee, 2018. "Faut-il introduire en France une class action d'actionnaires (Securities Class Actions) ?," Post-Print hal-01894300, HAL.
    • Handle: RePEc:hal:journl:hal-01894300
    Note: View the original document on HAL open archive server: https://hal.science/hal-01894300
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    References listed on IDEAS

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