Blog

Spike in accounting fraud class action lawsuits

The number of securities class action filings involving accounting fraud spiked 47% in 2014, according to a recent Cornerstone Research report. A main reason for ...
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SCOTUS decision in Omnicare clarifies recurring liability standard for statement of opinion

For the second time in 12 months, the U.S. Supreme court took the middle ground with its decision in Omnicare, a case with heavy implications ...
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Duke Energy settlement indication of rise in merger & acquisition payouts

In 2012, when Duke Energy merged with Progress Energy, the board of directors fired the new CEO, Bill Johnson, who was supposed to become the ...
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Former Global Managing Director of Thomson Reuters Joins Financial Recovery Technologies as Senior Advisor

Steve Roycroft brings to FRT over 20 years of financial services and technology experience Financial Recovery Technologies LLC (FRT) has named Steve Roycroft to its ...
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Securities class actions against life-sciences sector double in 2014

There has been a recent increase in securities class actions filed against life-sciences companies, with 39 cases filed in 2014 compared to 19 in 2013 ...
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Former BNY Mellon Executive and Vice Chairman Joins Financial Recovery Technologies as Senior Advisor

James Palermo brings to FRT over 30 years of financial industry experience in the custodial banking space Financial Recovery Technologies LLC (FRT) today has named ...
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Pfizer settlement proves cases against large caps do exist

In late January, Pfizer agreed to settle a class action suit to the tune of $400 million despite a recent Cornerstone Research report indicating that ...
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Peaks and valleys of class actions: 2014 in review

Last year saw highs and lows in the securities class actions arena. The number of class actions filed in federal court remained steady at 221, ...
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Participating in Non-U.S. Group Securities Litigation

The process for an investor to participate in a non-U.S. group action differs from that of a traditional "opt-out" class action common to the United ...
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Understanding different types of securities class actions

Not all securities class actions are created equally. They originate in many different venues and various state and federal laws are applied in order for ...
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FRT tackles men’s health issues with style

Here at FRT, we're not just focused on helping our clients maximize their recoveries, we also like to let our (facial) hair down from time ...
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Motions to dismiss filed in 90% of securities class actions

Motions to dismiss are filed in over 90% of securities class actions and have close to a 50% success rate. When motions to dismiss are ...
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FRT joins the SEC, FBI, FINRA and more at GAIM Regulation & Fund Governance

FRT joins the SEC, FBI, FINRA and more at GAIM Regulation & Fund Governance Rob Adler, President at Financial Recovery Technologies, will be presenting at ...
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Foreign investors allowed to pursue claims against BP in U.S. court

There has been a new development in the case against BP Plc regarding the 2010 Gulf of Mexico oil spill. In a recent decision, a ...
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Dismissal of Omnicare class action establishes guideline for when corporate misstatements are made

The U.S. Appeals Court for the Sixth Circuit has dismissed a proposed securities fraud class action against Omnicare, Inc., making clear when a corporation will ...
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Financial Recovery Technologies releases class action website for wealth advisors

SecuritiesClassActionClaims.com - a free resource for advisors powered by Interactive Data’s Class Action Service will help clients address securities class actions Financial Recovery Technologies, LLC ...
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Global securities litigation decisions in the periphery

We often come across securities litigation cases during our research for FRT Global that are not considered class actions in the true sense of the ...
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FRT names new Senior Vice President of Product Development

Former Managing Director of Global Product Management at Omgeo brings product expertise to help FRT expand its offering Financial Recovery Technologies, LLC (FRT) has hired ...
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Leading pension funds agree on importance of securities litigation monitoring

Panel of industry experts review fiduciary duty to actively track global securities litigation for institutional investors A panel comprised of past and present legal representatives ...
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Financial Recovery Technologies expands NYC presence with new location

Larger office space demonstrates FRT’s investment in the region Financial Recovery Technologies has relocated its New York City office to 708 3rd Ave., New York, ...
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