“We Cannot Direct the Wind, But We Can Adjust the Sails” – Cora L. V. Hatch (1859) In December 2021, the first securities “class action” in the People’s Republic of China (PRC) against Kangmei Pharmaceutical Co., Ltd. (Kangmei) and its executives produced a $385M recovery for investors. While the media has extolled this result, non-Chinese investors should temper their Continue Reading
Author: Mike Lange
UK Tribunal Nixes FX Investor Recoveries
In a setback for global FOREX (FX) investors seeking compensation for losses not covered by the $2B US class action settlement, on March 31, 2022, the UK Competition Appeal Tribunal (CAT) ruled that collective proceedings (i.e. their equivalent to US class actions) could only proceed on an opt-in rather than an opt-out basis. Absent reversal on appeal, this effectively ends Continue Reading
Five Tips for More Profitable Engagements in Non-US Opt-In Opportunities
In response to my earlier piece, Five Reasons Why Investors Need a Non-US Opt-In Service, a client noted that investors who register early, as recovery efforts get organized, can pay higher fees and costs than those filing claims later at time of settlement. Early registrants sign agreements obligating themselves to pay organizer contingency fees and expense reimbursements that often don’t Continue Reading