Blog

An end to frivolous Canadian securities class action filings

The Supreme Court of Canada set the certification bar higher with its recent decision in Coffin v. Atlantic Power Corp. Following the decision in Theratechnologies ...
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Securities litigation could be brought to Singapore

The Monetary Authority of Singapore and the white-collar crime agency announced that there could be a large securities suit based off an incident from 2014 ...
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Securities suit arises from Toshiba’s accounting scandal

Toshiba has recently been under fire for an accounting scandal representing an overstatement of profit by $1.2 billion. The CEO has resigned as along with ...
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Financial Recovery Technologies Acquires Cypress Settlements

Financial Recovery Technologies, LLC (FRT), a leader in securities class action recovery, today announced the acquisition of Cypress Settlements, a respected competitor in the claim ...
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Private Equity Settlement Breaks the Mold

The $590.5M settlement that disbursed last month for a case against seven firms was not your average run of the mill securities class action scenario ...
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RMBS Cases More Complex than Traditional Class Actions

We’ve seen a flurry of securities class actions settlements lately involving residential mortgage-backed securities (RMBS), holdovers from the financial crisis of 2007-2008. While there are some rather ...
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Australian securities litigation introducing market-based causation

Australian class actions are an established legal mechanism, and with the Federal Courts recent decision, they might become more prevalent. With the recent ruling in ...
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Increased securities class action litigation in the first half of 2015

According to Keving LaCroix of The D&O Diary, the first half of 2015 has been a busy year for securities class action filings. With approximately 91 ...
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FRT names new Senior Vice President of Sales and Marketing

Former Senior Vice President of Sales at Interactive Data brings industry experience to grow market presence Financial Recovery Technologies has hired Mark O’Brien as Senior ...
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Increased involvement of non-U.S. companies in 2015 securities lawsuits

In 2015,  there has been a disproportionate increase in securities class action lawsuits involving non-U.S. companies compared to previous years. Of the approximate 82 cases ...
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In Australia, securities class actions are an established legal mechanism

The first securities class action in Australia was filed in 1999 and there have been over 40 filings since the commencement. The most common filings ...
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The importance of understanding securities litigation

The National Association of Pension Funds recently released  'Securities Fraud & Investor Remedies Made Simple Guide', an informational guide about the array of issues that ...
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FRT partners with Innovest to provide securities class action recovery services to clients

Partnership Provides Institutional Investors Access to World-Class Recovery Services Financial Recovery Technologies LLC (FRT) today announced a partnership with Innovest, a provider of next-generation technology ...
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Class action legal proceedings are now available in Thailand

The National Legislative Assembly of Thailand has passed a bill to allow class action legal proceedings, which has received royal endorsement and will be implemented ...
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Cybersecurity breaches resulting in rise in securities class actions

An increase in data breaches in recent years has forced companies to beef up their cybersecurity efforts. Cybersecurity breaches, in which client data is exposed, ...
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Former President of Fidelity Investments Private Wealth Joins Financial Recovery Technologies as Senior Advisor

David Lamere brings to FRT over 30 years of financial services experience Financial Recovery Technologies, LLC (FRT), a leader in securities class action settlement recovery, ...
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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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