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Case Spotlight: Wirecard Insolvency (Germany)

CASE BACKGROUND On June 25, 2020, Germany based Wirecard AG filed for insolvency in the wake of what appears to be the country’s biggest financial scandal to date. At least five groups of organizers were contemplating recovery efforts for investors in Wirecard securities. However, insolvency changed organizer views on strategy and the prospects for recovery. Claims will be based on Continue Reading

The Implications of Victoria’s Contingency Fee Bill

In what is being seen as a win for shareholders, on Thursday, June 18, 2020, Victoria’s lawmakers passed a bill that lifts the ban on contingency fees allowing lawyers to take a percentage of the amount recovered in a class action (like in the U.S.), as opposed to the time-costed billing model. Those in favor of the bill The bill Continue Reading

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