Blog

FRT welcomes new Director of Client Services

FRT is pleased to announce Mark Rose as Director of Client Services. Mark’s appointment positions the company to ensure that clients continue to receive knowledgeable, timely support ...
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Abandoned CUSIPs in complex Merck case present filing challenges

In general, securities class actions follow a fairly consistent path and don't vary highly from case to case. But there are cases that take the ...
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Distribution plan proposed in partial Forex antitrust settlement

Last week, plaintiffs in the Forex antitrust settlement filed their proposal for distribution of the settlement funds. The Forex litigation is a consolidated antitrust case pending in the ...
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What are appraisal rights?

What are appraisal rights? Appraisal rights entitle shareholders of a target corporation to a determination of the fair value of their stock by a judicial proceeding ...
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FRT chosen as “Best for Investment Claim Filing and Monitoring Systems”

FRT is honored to have been awarded Corporate Vision Magazine’s “Best for Investment Claim Filing and Monitoring Systems”. It is truly a reflection of the ...
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Miscalculation by claims admin corrected, client recovery increased

Calculating the value of a securities class action claim is not always as cut and dry as one might expect. When a settlement occurs, the ...
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How Investors Are Letting Billions Slip Through Their Fingers in Delaware Appraisal Actions

Investors are leaving billions of dollars on the table in Delaware appraisal actions. With over 160 mergers and consolidations eligible for appraisal each year, it ...
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Direct, opt-out actions against Petrobras represent paradigm shift, FRT tells Ignites

28 fraud cases have been filed in the U.S. against the Brazilian oil company Petrobras, including a class action and more than a dozen individual ...
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Financial Recovery Technologies Partners with SEI to Enable Securities Class Action Services and Litigation Monitoring

BOSTON, MA. (JUNE 28, 2016) – Financial Recovery Technologies (“FRT”) has signed an agreement with SEI (NASDAQ: SEIC) to position FRT to offer its comprehensive ...
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The collapse of Third Ave.’s focused credit fund may have SLUSA implications, FRT tells Ignites

Numerous lawsuits have been filed against Third Avenue over the collapse of its Focused Credit Fund.  Most recently, an investor brought claims under Delaware State ...
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Filings hit highest level since 2008; a recap of 2015 securities litigation

2015 was a busy year for securities class action filings reaching the highest number of filings since 2008, with a total of 234 suits compared ...
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Investor losses and aggregated securities class action settlements increased in 2015

In 2015, we saw a major spike in the amount investors lost and a spike in the total securities class action settlements in dollars. Last ...
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Securities class actions against the life science sector continue to rise

In 2015, 39 out of the 191 securities class action suits filed were against firms in the life science sector.  Companies in the life science ...
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Massive $1.3 billion settlement under Dutch collective procedure

Recently, a $1.3 billion settlement was reached under the Dutch collective procedure resulting from the 2008 global financial crisis. Fortis, a global banking company who ...
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Canadian Supreme Court decisions affect securities class actions

Despite the uptick last year in securities class actions in the U.S., Canadian securities class actions filings were down. Last year saw the lowest level ...
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Spanish Collective Action organized against Bankia

Spanish investors filed a collective action against the troubled Spanish banking company Bankia. The action is brought on their stock float in 2012 and so ...
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Merck & Co. reaches $1 billion settlement, in top 15 securities class actions of all time

A securities class action lawsuit against Merck & Co. settled for a total of $1 billion, with $830 million to be paid out to investors ...
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Allen Partners and Financial Recovery Technologies to Provide Corporate Governance Solutions to Securities Litigation for Australia and New Zealand Investors

SYDNEY, AUSTRALIA and BOSTON, MASS (March 2, 2016) – Allen Partners and Financial Recovery Technologies (FRT) have partnered to help Australian and New Zealand investment ...
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Enhancements to Litigation Monitoring Client Portal Provides Richer User Experience

FRT is proud to announce the release of enhancements to our Litigation Monitoring Portal! This release is the result of client feedback with the focus ...
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Deutsche Bank to face $3.1 billion residential mortgage backed securities lawsuit

Since the 2008 financial crisis, residential mortgage backed securities lawsuits continue to arise against top financial banks. In the most recently filed litigation, Deutsche Bank ...
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