Five Upcoming Participation Deadlines for Global Opt-In Litigation

The global shareholder class action landscape continues to grow and evolve with more emphasis on shareholder litigation around the world. Investors should not only be aware of cases in their own jurisdiction, but also the larger global cases that may also impact them.

Here are five global opt-in litigation with upcoming participation deadlines to keep on your radar:

1. Credit Suisse (Switzerland) ​​​​​– June 28, 2019

Credit Suisse Group AG (“Credit Suisse”), a Switzerland-based multinational financial services firm, is facing allegations for material misstatements and inaccurate financial information in connection with Credit Suisse’s November 19, 2015 Authorised Capital Increase and the prospectus issued in connection therewith. All shareholders who wish to have Schwärzler Rechtsanwälte pursue claims on their behalf against Credit Suisse are asked to sign participation documents to join the action by no later than June 28, 2019.

>> DOWNLOAD FRT’S SWITZERLAND JURISDICTION PROFILE

2. Daimler AG (Germany) – Multiple organizers with various upcoming deadlines in June and July

Daimler AG, a German multinational automotive corporation, is facing allegations that it violated its obligations under the German Securities Trading Act (WpHG) by failing to disclose the use of “illegal defeat device” software installed in its vehicles to temporarily lower nitrous oxide levels emitted during emissions tests. Two groups of organizers are planning recovery efforts against Daimler for related shareholder losses with upcoming deadlines in June and July.

>> DOWNLOAD FRT’S GERMAN JURISDICTION PROFILE

3. Fortis (Dutch Foundation) – July 28, 2019

In March 2016, Fortis and several shareholder organizations reached a collective settlement providing €1.204 billion (roughly $1.3 billion) to harmed investors. The Fortis settlement represents the largest ever under Dutch collective settlement procedures, which is why it has garnered such significant press coverage. The settlement relates to Fortis’s unsuccessful participation in the ABN AMRO acquisition prior to the 2008 financial crisis. To take part in the EUR 1.3 billion settlement, shareholders must file a claim form with supporting documentation with the claim administrator no later than July 28, 2019.

>> LEARN MORE ABOUT DUTCH FOUNDATIONS

4. Danske (Denmark) – Multiple organizers with various upcoming deadlines in June, July and August

Actions are planned against Danske Bank for shareholder losses resulting from a massive $234 billion money laundering scheme. On September 19, 2018, after years of denials, Danske issued the report of an internal investigation outlining how more than $200 billion of nonresident money flowed through its Estonian branch between 2007 and 2015. There are six competing organizers who have identified nearly $9 billion in investor losses with participation deadlines in June, July and August.

>> DOWNLOAD FRT’S DENMARK JURISDICTION PROFILE

5. Vocus Group Limited (Australia) – August 12, 2019

Vocus Group Ltd., (“Vocus”), an Australian telecommunications company that provides a wide array of targeted services through its telecommunications infrastructure platform, is facing allegations for downgrading its FY2017 profit guidance, causing a 27% drop in its share price and decreasing its value by nearly $561 million. If you wish to benefit from any potential settlement in this matter, you must register by August 12, 2019.

>> DOWNLOAD FRT’S AUSTRALIAN JURISDICTION PROFILE

Time is limited to participate in the above opportunities. Contact us to learn how our global expertise and class action experience can help you register for all Global Opt-In and Non-U.S. cases.

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About FRT

SETTLED CLAIMS  I  PASSIVE GROUP  I  ANTITRUST  I  FUTURE CLAIMS  I  OPT-IN MONITORING  I OPT-OUT MONITORING

Founded in 2008, Financial Recovery Technologies (FRT) is a leading technology-based services firm that helps the investment community identify eligibility, file claims and collect funds made available in securities and other class action settlements. Offering the most comprehensive range of claim filing and monitoring services available, we provide best-in-class eligibility analysis, disbursement auditing and client reporting, and deliver the highest level of accuracy, accountability and transparency available. For more information, go to www.frtservices.com.

This communication and the content found by following any link herein are being provided to you by Financial Recovery Technologies (FRT) for informational purposes only and does not constitute advice. All material presented herein is believed to be reliable but FRT makes no representation or warranty with respect to this communication or such content and expressly disclaims any implied warranty under law. Opinions expressed in this communication may change without prior notice. Firms should always seek legal and financial advice specific to their unique situation and objectives.

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