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The latest CMS report offers essential insights for directors, officers, and auditors of UK publicly listed companies through its deep dive exploration of five years of securities litigation cases, the typical types of claims available to shareholders, and the regulatory action that the Financial Conduct Authority (FCA) can take.
Ongoing securities litigation claims range from hundreds of millions to multi-billion pounds in value, with the financial sector seeing the highest proportion of claims, followed by consumer and retail.
These litigation actions are brought by or on behalf of shareholders of UK publicly listed companies, and are based on claims that the company and its directors made false and misleading statements inducing shareholders to invest in the company or to approve substantial transactions which did not bring the returns that were anticipated.
This new report highlights the key risks that senior stakeholders should be aware of when it comes to securities litigation in the UK, looking at cases over the past five years, typical claims available to shareholders, and regulatory action that the FCA can take.
Senior stakeholders should be proactive and vigilant in managing and mitigating these risks, by adopting sound governance practices, maintaining effective disclosure controls, engaging with shareholders and regulators, and seeking legal advice when necessary.
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Follow the link here to receive a full version of the report.
About CMS:
CMS is a forward-thinking global organisation of independent law firms, boasting over 80 offices in more than 40 countries, and a network of 5,800 lawyers. Combining deep local market knowledge with a broad global perspective, CMS offers dynamic and agile legal solutions to help clients navigate the future with confidence. The firm's focus on social impact, diversity, and sustainability underscores their significance in conversations on governance and future-facing leadership.