FRT’s Fast Five: Week ending December 14, 2018

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

1. BHP prepares for UK legal battle over 2015 Brazil dam failure

Mining giant BHP says it will fight an unprecedented English lawsuit filed by hundreds of thousands of Brazilians for multi-billion pound damages over Brazil’s worst environmental disaster. Click here to read the full article.

2. Revisiting Delaware law and Securities Act forum selection clauses

Last week’s reports about Uber and Lyft preparing to go public in 2019 mean that it’s time to think again about whether corporations can force investors to litigate Securities Act claims in federal court via provisions in their corporate charters. As you may recall, there’s litigation underway in Delaware Chancery Court on this very question. Click here to read the full article.

3. Class action lawyers circle IOOF, costs could exceed $150m

APRA recently took measures to disqualify several key employees, including the chairman and CEO, from acting as a responsible officer or trustee of the group’s superannuation entity, IMIL. Click here to read the full article.

4. Final Parties In Aussie Benchmark Suit Want Dismissals Redo

An investor, Morgan Stanley and RBC Capital Markets LLC, the only remaining parties in a lawsuit accusing 15 major banks and two brokers of conspiring to manipulate the price of derivatives based on an Australian benchmark interest rate, each separately asked a New York federal judge Monday to reconsider his recent decision to dismiss most of the claims. Click here to read the full article (subscription may be needed).

5. 2nd Circ. Gives Goldman 2nd Shot At Class Cert. Appeal

The Second Circuit on Tuesday granted Goldman Sachs’ petition — for a second time — to appeal a New York federal judge’s decision to grant class certification to investors claiming the Wall Street giant lied about its ethical compliance efforts just before losing $1 billion in securities known as collateralized debt obligations. Click here to read the full article (subscription may be needed).

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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

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