The law firm as an investment bank in class actions

Class action finance raises substantial principal agency problems between plaintiffs and lawyers, which limit the extent to which the class action can be used as an instrument to overcome market failure.

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Bibliographische Detailangaben
Veröffentlicht in:	European journal of law and economics 2011-10, Vol.32 (2), p.225-228
1. Verfasser:	Backhaus, Juergen
Format:	Artikel
Sprache:	eng
Schlagworte:	Antitrust Associations Attorneys Class action Class action lawsuits Collective action Commercial Law Contingent fees Economics Economics and Finance European Integration Fees & charges Financing methods Interest groups K 41 Law and Economics Legal counsel Legal fees Litigation Market failure Portfolio choice Portfolio selection Principal-agent theory Public Finance Regulation Regulatory agencies Studies
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Beschreibung
Zusammenfassung:	Class action finance raises substantial principal agency problems between plaintiffs and lawyers, which limit the extent to which the class action can be used as an instrument to overcome market failure.
ISSN:	0929-1261 1572-9990 1572-9346
DOI:	10.1007/s10657-011-9234-y