• Employee Spotlight: Kate Richman

    • 07/19/2018
    • Samantha Blumsack

    By: Samantha Blumsack, Marketing Intern, Financial Recovery Technologies Kate Richman is a Senior Claims Analyst for Financial Recovery Technologies dedicated to claims recovery. She is involved in the processes of filing claims, curing claim deficiencies and documentation audits, and processing recovered funds in preparation for remittance to the client. What are your top priorities and biggest challenges? My top priority Continue Reading

  • Fortis Settlement Update (July 2018): Announcement of Claims Filing Process as Settlement is Declared Binding

    • 07/17/2018
    • Ally Gosman

    On Friday, 13 July 2018, the Amsterdam Court of Appeal declared the €1.308 billion Fortis settlement entered into between Ageas, Stichting FORsettlement, and the claimant organisations, binding. Ageas issued a press release (link) providing the following details: 27 July 2018: Notice of binding declaration sent to all known Eligible Shareholders 28 July 2018: Claim Filing Begins – FRT will begin to Continue Reading

  • Forex Antitrust Case’s Projected Recovery Rate is Estimated to be 94%-123% – Three Reasons Why This Should Matter to Investors

    • 07/16/2018
    • Mike Lange

    By Mike Lange, Securities Litigation Counsel, Financial Recovery Technologies In the Forex Antitrust litigation, on July 11, 2018, Class Counsel provided the Court with the following estimated settlement participation and projected recovery rates. Gross Settlement Fund: $2,310,275,000 Estimated class-wide damages: $5,400,000,000 – $7,000,000,000 Estimated Number of Class Members: 200,000 Estimated Settlement Participation Estimated Number of Class Members Submitting Claims: 60,000 Estimated Participation Rate Continue Reading

  • Antitrust Class Action: The Road Ahead

    • 07/11/2018
    • Ally Gosman

    Allison Gosman, Senior Marketing Specialist, Financial Recovery Technologies The pace of antitrust settlements is accelerating. Of the more than 50 active antitrust matters, at least six have partially settled with hundreds of millions sitting in escrow accounts. In most of the cases, litigation continues against other defendants, creating the potential for more recoveries in the future. Most notably in FOREX, antitrust Continue Reading

  • Securities Class Action Cases: Quarterly Disbursed Claims – Q2-2018

    • 07/02/2018
    • Ally Gosman

    By Allison Gosman, Senior Marketing Specialist, Financial Recovery Technologies In Q2-2018, over $3.5 billion of settlement funds were distributed across 45 settlements, an increase of over 500% from the more than $1b distributed in Q1-2018. For more information, contact your Financial Recovery Technologies representative or email us. Top 5 Recently Settled Cases in Q2-2018 (in terms of settlement fund value) Petrobras ($3b) Allergen, Continue Reading

  • ISDAfix Case Update (June 2018): Settlements for the Remaining Five Defendants Have Received Preliminary Approval

    • 06/27/2018
    • Andrew Lasky

    By Andrew Lasky, Legal Product Specialist, Financial Recovery Technologies On Tuesday, June 26, 2018, U.S. District Judge Jesse M. Furman preliminarily approved the final proposed $96 million settlement with the remaining 5 defendants in the Alaska Electrical Pension Fund v. Bank of America Corp. et al (ISDAfix) antitrust class action lawsuit. The 5 remaining defendants include: BNP Paribas, Wells Fargo, ICAP Capital Continue Reading

  • Employee Spotlight: Andrew Lasky

    • 06/26/2018
    • Samantha Blumsack

    By: Samantha Blumsack, Marketing Intern, Financial Recovery Technologies Andrew Lasky is a Legal Product Specialist for Financial Recovery Technologies, helping to manage two of FRT’s services geared toward global group litigations and antitrust, non-securities-based class actions. What are your top priorities and biggest challenges? Coming to FRT, I have been able to leverage the skills I gained from working in Continue Reading

  • How the Morrison Case has Changed the Landscape for Global Group Action Recoveries

    • 06/20/2018
    • Ally Gosman

    By Allison Gosman, Senior Marketing Specialist, Financial Recovery Technologies The Morrison v. National Australia Bank case changed the global landscape for class action recoveries. In June, 2010, the U.S. Supreme Court ruled that securities traded outside the U.S. are no longer within U.S. jurisdiction, effectively barring investors who purchased securities on a foreign exchange from filing U.S. class actions. As Continue Reading

  • Case Spotlight: Euribor Rate Manipulation

    • 06/18/2018
    • Jenn Rothenberg

    By Jenn Rothenberg, VP of Marketing, Financial Recovery Technologies CASE BACKGROUND This case alleges that during the Class Period, the Defendants manipulated the Euribor rate for their own benefit. The Defendants are several financial institutions on the panel of banks that submit interest rates and the inter-dealer broker entities that allegedly coordinated and directed the submission of false reports. Plaintiffs Continue Reading

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    Ally GosmanAlly Gosman

    Sr. Marketing Specialist

    Andrew LaskyAndrew Lasky

    Legal Product Specialist

    Jenn RothenbergJenn Rothenberg

    VP of Marketing

    Mike LangeMike Lange

    Securities Litigation Counsel

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