A second spike in claims against banks stemming from the financial crisis is being blamed for a rocketing number of High Court cases involving FTSE 100 companies, which rose by 76% in 2013, the highest level since the credit crunch.
Data from Thomson Reuters Lawtel shows a total of 201 High Court cases involving FTSE 100 companies between June 2012 and June 2013, up from 114 cases the previous year. Of that total figure 55%, or 112 cases involved financial services companies, up from 65 cases in the previous year.
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