In a detailed judgment handed down on 15 May 2020, the Commercial Court examined a number of important and novel points concerning financial services regulation, market manipulation and the jurisdiction to order the London Stock Exchange (“LSE”) to disclose information on market participants’ identities to support potential claims by Burford Capital Limited (“Burford”) against certain of those parties.1 The court (Andrew Baker J) rejected Burford’s claim that it had a good arguable case that its share price had been the subject of unlawful market manipulation. It also decided that, even if Burford had been able to establish a good arguable case, justice would not have required that the court exercise its discretion to order that the LSE disclose to Burford the identities of the market participants.
To read the full client alert, Burford Capital v London Stock Exchange Group PLC: disclosure in support of market manipulation claims, please click here.
