Last week, we complied the most popular FRT Resources on Shareholder Class Actions produced by the team here at Financial Recovery Technologies in 2018 (click here to read the blog).
We have much more coming your way in 2019 – follow us on LinkedIn and bookmark our blog to stay up-to-date. Thank you for your continued partnership and we look forward to building on our relationship and supporting your shareholder class action recovery efforts in 2019 and beyond.
#1 Petrobras: What investors can gain from this case (in addition to the $2.9 billion class-action settlement)
On January 3, 2018, Petrobras, the Brazilian state-controlled oil company, announced it will pay $2.9 billion to settle the U.S. securities class action against it. If approved, this settlement will be among the largest to date. While impressive, the knowledge that investors gain from seeing how Petrobras resolves the remaining shareholder claims may prove more valuable than the dollars received in this settlement.
#2 Forex Antitrust Case’s Projected Recovery Rate is Estimated to be 94%-123% – Three Reasons Why This Should Matter to Investors
For those questioning whether filing antitrust claims are “worth it,” the answer is yes. The expected high Forex recovery rates will likely take much wind out of the sails of direct action efforts which, despite much chatter to date, do not appear to have gained traction.
This class action settlement resolves allegations that Defendants engaged in anticompetitive acts, manipulating the ISDAfix rates, the benchmark used to set the terms for swap transactions between Jan. 1, 2006 and Jan. 31, 2014.
With more than 50 efforts at different stages of litigation, investors may not be prepared to take full advantage of what lies ahead in these Antitrust (non-securities) class action cases. For the LIBOR Antitrust Case [Barclays (December 2017) and Citigroup (March 2018)], FRT filed for over 16,000 accounts that included nearly 6 million data transactions. We filed for some of the largest asset managers and hedge funds in the world as well as hundreds of other clients.
#5 Fortis Settlement Update (July 2018): Announcement of Claims Filing Process as Settlement is Declared Binding
The Fortis settlement represents the largest class action under the Dutch collective settlement procedures (learn more about Dutch Foundations). Now that the Foundation has declared the settlement binding, post-settlement administration is very similar to that of a U.S. claims submission process.
To learn more about how FRT can help your firm maximize recoveries in shareholder class action settlements, contact us at firstname.lastname@example.org.
- Three Essential Guides for a Comprehensive Class Action Recovery Strategy to Download for 2019
- FRT’s 2018 Top 5 List: Resources
- Evolution of Global Litigation: The Rise of Non-U.S. Passive Participation
- Securities Class Action Cases: Quarterly Disbursed Claims – Q3-2018
- Antitrust Class Action: The Road Ahead
- U.S. and Non-U.S. Claims Filings – Benefits of outsourcing the class action recovery process
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.
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