FRT’s Fast Five: Week Ending April 3, 2020

FRT Marketing
April 3, 2020

Financial Recovery Technologies Fast Five provides you with the top news in shareholder class actions. Stay up-to-date on the latest developments in settled (U.S./Canada) claims filing opportunities, Antitrust settlements, Global Group Litigation matters and more. For more information, contact your Financial Recovery Technologies representative or email us.

1. 2nd Circ. Revives Yen Libor-Rigging Suit Against Big Banks

The Second Circuit reversed the tossing of a 2015 suit accusing Barclays, Lloyds, Bank of America and more than a dozen other international banks of benchmark interest rate-rigging, ruling Wednesday that the investor plaintiffs convincingly linked their financial losses to the banks’ alleged market manipulation. Click here to read the full article (subscription may be needed).

2. COVID-19 and Potential Exposures to Shareholder Collective Actions: Directors and Officers, and Their Insurers

As the current, rapidly evolving, situation takes us further into unchartered territory, in addition to the ubiquitous human costs and challenges faced around the world, new areas of exposure are emerging. Company boards and executives, and their insurers, are having to get to grips with the prospect of litigation targeting directors and officers on the basis of how companies have responded to the COVID-19 situation. Click here to read the full article.

3. 5 Predictions for Class Actions in Wake of COVID-19

With professional, economic and sociopolitical uncertainty abound, it is important to consider what the coronavirus pandemic could mean for class actions, says one partner. Even before the onset of the coronavirus pandemic, 2020 was shaping up to be a challenging year for those in the class actions space. Last year saw a string of momentous developments, including big wins in the Queensland floods and transvaginal mesh trials as well as “probably the most significant class action decision in over a decade” in the Myer judgment on continuous disclosure obligations. Click here to read the full article.

4. Treasury Wine Estates Hit With New Shareholder Class Action

Penfolds maker Treasury Wine Estates has been hit with a shareholder class action, alleging it engaged in misleading or deceptive conductive and breached its continuous disclosure obligations to the market. The allegations are contained in a new action launched in the Victorian Supreme Court, with shareholder Brett Stallard as trustee for the Stallard Superannuation Fund, the plaintiff. Click here to read the full article.

5. Victoria’s Trailblazer Legislation Will Make It the ‘Forum of Choice’ for Class Actions

Plaintiff lawyers may soon be able to charge contingency fees in class action proceedings in Victoria. The Justice Legislation Miscellaneous Amendments Bill 2019 (Vic) (Bill), which has already passed the lower house of the Victorian Parliament, will allow plaintiff lawyers to charge a percentage of any amount recovered in a successful class action proceeding. The Bill gives effect to recommendations made by the Australian Law Reform Commission (ALRC) and the Victorian Law Reform Commission (VLRC) to introduce contingency fees in order to provide greater access to justice for plaintiffs in group proceedings. Click here to read the full article.

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Financial Recovery Technologies’ Shareholder Litigation Fast Five provides you with the top news in shareholder class actions. This is your exclusive summary of the latest industry developments related to settled, group and antitrust actions and recovery opportunities. Click here to subscribe.

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To learn more about how FRT can help your firm maximize recoveries in shareholder class action settlements, contact us at learnmore@frtservices.com.

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 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.

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 do 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.

ABOUT FINANCIAL RECOVERY TECHNOLOGIES
SETTLED  I  NON-US GLOBAL OPT-IN  I  ANTITRUST  I  GLOBAL PASSIVE  I  DIRECT OPT-OUT  I  BUYOUTS

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.