The world of class actions has evolved dramatically over the last five years requiring investors to move beyond traditional U.S. securities litigation efforts to focus on damages from antitrust violations and non-U.S. jurisdictions.
2018 saw a record number of antitrust and non-U.S. group litigations including Forex, Petrobras, ISDAfix, and Fortis.
This issue of FRT Insights focuses on the importance of a comprehensive class action recovery solution to help you evaluate your existing governance, controls, and protocols to maximize your recovery efforts. It includes:
- Three Guides for a Comprehensive Class Action Recovery Strategy
- Navigating Complex Non-U.S. Shareholder Class Action Settlements
- Implementing an ‘Issuer-Centric’ Shareholder Class Action Policy
- Securities Class Action Cases: Quarterly Disbursed Claims – Q4-2018
>> Three Essential Guides for a Comprehensive Class Action Recovery Strategy to Download for 2019
>> Navigating Complex Global Group Litigations
The landscape of global group litigation is slowly shifting to mirror those of U.S. passive claims filing demonstrating the importance for investors to understand the nuances of their trading jurisdictions in order for them begin to develop internal policies for foreign actions.
>> Implementing an ‘Issuer-Centric’ Shareholder Class Action Policy
Increasingly, fiduciaries are implementing ‘issuer-centric’ policies to recover investment losses from fraud. In the past, efforts have often been ‘case-centric’ – board policies and procedures were reactive to announced case filings. The purpose of an investment recovery policy is to articulate a framework for internal policies and procedures that further fiduciary responsibilities.
In this report, we review the potential risks and benefits of implementing an issuer-centric shareholder class action policy.
>> Quarterly Disbursed Claims – Q4-2018
In Q4-2018, over $2.3 billion of settlement funds were distributed, across 34 settlements. A near 200% increase from Q3-2018. For more information, contact your Financial Recovery Technologies representative or email us.
- FRT’s 2018 Top 5 Lists: Largest Settlements Filed
- EU Proposal May Move European Jurisdiction Risk Profiles Closer to the U.S.
- FRT’s 2018 Top 5 Lists: Blogs
- Three Essential Guides for a Comprehensive Class Action Recovery Strategy to Download for 2019
- FRT’s 2018 Top 5 List: Resources
- Euribor Case Update: Two Additional Defendants File for Preliminary Settlement of $182.5 million
- Fortis Settlement Update (November 2018): ‘Active Claimants’ entitled to a 25% premium on their recoveries
U.S. CLAIMS I GLOBAL GROUP LITIGATION I ANTITRUST I LITIGATION MONITORING I BUYOUTS
Founded in 2008, Financial Recovery Technologies (FRT) is the 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.