Explosion of litigation coming

(Legal Week): The former UK Lord Chancellor, Lord Falconer, has predicted an explosion of ‘mega-litigation’ in the aftermath of this week’s collapse of Lehman Brothers. Falconer said the demise of the US’s fourth-largest investment bank would be a turning point for credit crunch-related litigation, unlocking a flood of cases. “There is going to be litigation on a scale that we have not seen before,” he told a conference, predicting the emergence of “a new era” for litigation and dispute resolution.  Go to article