Labour drafts legislation to allow tracker mortgage victims to sue banks

The class action lawsuit is a frequent occurrence in other jurisdictions

5th November, 2017
Labour TD Willie Penrose

The Labour Party will next week introduce legislation to pave the way for victims of the tracker mortgage scandal to take massive class action lawsuits against banks.

The class action lawsuit, where plaintiffs band together to take on a common defendant, is a frequent occurrence in other jurisdictions.

However, while some similar mechanisms are available to Irish litigants, Labour TD Willie Penrose, who authored the bill, said that it was vital that new legislation be...

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