2016 Year In Review
Financial Recovery Technologies
Securities Litigation & Class Action Trends – 2016 Year in Review
FRT’S 2016 YEAR-IN-REVIEW OFFERS INSIGHT INTO THE CHANGING LANDSCAPE OF CLASS ACTIONS
Institutional investors have moved beyond traditional securities litigation efforts to focus on damages from antitrust violations and non-U.S. jurisdictions, according to research from Financial Recovery Technologies (“FRT”), a leading securities class action recovery services provider.
YEAR-IN-REVIEW RESEARCH HIGHLIGHTS
- There was a record number of global opt-in actions filed in 2016, with 43 new actions in nine different jurisdictions; nearly a 56% increase year-over-year
- Marked by the $1.2 billion Fortis settlement in March of 2016, Dutch Foundations have emerged as a mechanism to resolve pan-European matters, including Volkswagen, Petrobras and FOREX
- Cost and complexity are still the determining factors for institutions’ involvement in global litigation, leading to rapid increases in activity in “no-risk” jurisdictions like Australia, that reflect U.S. claims filing
ABOUT FINANCIAL RECOVERY TECHNOLOGIES
Financial Recovery Technologies (FRT) is a leading technology-based services firm that helps institutional investors identify eligibility, file claims and collect funds made available in securities class action settlements and litigations impacting global investors. Offering the most comprehensive range of services, we provide best-in-class eligibility analysis, disbursement auditing and client reporting:
- Claims Filing
- Litigation Monitoring
We deliver the highest level of accuracy, accountability and transparency available to a wide range of institutional investors including hedge funds, investment managers, custodians, public and private pension funds, and wealth managers. Financial Recovery Technologies is a Cross Country Group company (www.crosscountrygroup.com). For more information, go to www.frtservices.com or email firstname.lastname@example.org.