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For good or bad, the US litigation process strikes fear into company management.
Earlier this year, US litigation firm Scott + Scott funded a UK group to bring a claim on behalf of institutional shareholders in the UK, arguing that Tesco's overstatement of its profits caused a "permanent destruction of value to shareholders".
In the archives of tobacco documents released as part of US litigation, you can find a 1989 invoice sent to the Tobacco Institute for Tollison's work on a "media tour".
UK mortgage approvals came in at their lowest level since January 2015 in August, while in Europe Deutsche Bank shares hit a record low after costly US litigation claims and reported comments from German chancellor Angela Merkel ruling out state aid.
Tesco Shareholder Claims Limited (TSC), a group funded by US litigation firm Scott + Scott, said on Tuesday it aims to bring an action against Tesco on behalf of institutional shareholders, arguing that the retailer's profit overstatement "caused a permanent destruction of value to shareholders".
All the parties involved in the US litigation have declined to comment or weren't reachable for comment.
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In a previous study of surgeons surveyed in the United States (US), malpractise litigation was significantly associated with burnout, depression and suicidal ideation.
However critics say that the new system risks spawning US-style litigation as people challenge the councils' assessments of their wealth and need.
But more than a few, one suspects, aren't terribly interested in US-style litigation and would be happy to take the rough with the smooth, if only everybody else would.
Although US-driven litigation has become more common, discovery in the APAC region remains challenging to tackle without guidance from local forensic and discovery partners.
Previous attempts to set up a European collective redress system have failed due to countries' different legal traditions and the fear of a flood of US-style litigation.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com