Blog

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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Algorithmic Trading Is a Huge, Ticking Litigation Bomb, FRT Tells Real Money

Of all the trading conducted on world stock exchanges, about half is carried out through algorithmic trading. Considering the sheer volume of algorithmic trading that ...
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Four Factors to Weigh Before ‘Opting Out’ of Class Actions

According to FRT’s Counsel of Securities Litigation, Mike Lange, we are in a new era of shareholder activism. Mike recently sat down with Beagan Wilcox ...
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Securities class action trends in 2015

2015 was a big year for securities class actions and marks the highest annual filings since 2008 with a total of 191. 186 of the ...
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Financial Recovery Technologies releases enhanced platform for class action filing & recovery

BOSTON, MASS (February 2, 2016) – Financial Recovery Technologies, LLC (FRT) has released an enhanced securities class action system to provide institutional investors unprecedented transparency into ...
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Enhanced Client Portal Empowers Clients’ Securities Class Action Operations

FRT is proud to announce the launch of the Eligibility, Filing, & Recovery Portal (EFR Portal) for clients to better monitor and effectively seize opportunities ...
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Securities suits against foreign companies continued to rise in 2015

2015 has closed but a trend last year, which we previously mentioned here, is expected to continue throughout 2016. In 2015, there were 34 securities suits ...
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Vale S.A. securities suit upholds securities class action trends

As previously stated here, another securities lawsuit has been brought to a non-U.S. company whose shares are traded on a U.S. exchange. This new suit ...
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Direct litigation actions against Petrobras soar, FRT tells Ignites.

The high profile Petrobras case has received over 50 investors who have chosen to opt-out and pursue direct litigation. In years past, this would be ...
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Will New Zealand follow Australia in adopting U.S. style class actions

New Zealand has been experiencing an increase in class actions taking place with at least 10 filings in the past year. It is also worth ...
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