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. Danske Bank facing €1bn damages lawsuit filed by 70 investors

Up to 70 investors with collective damage claims of €1bn plan to file a complaint against the Danish bank next month through law firm DRRT, which is currently involved in the €9bn shareholder litigation against Volkswagen over the emissions scandal. Click here to read the full article.

2. RCR Tomlinson under ASIC investigation after collapse

The Australian Securities and Investments Commission has launched an investigation into the collapse of engineering group RCR Tomlinson, which went into administration in late 2018 owing banks and sub-contractors more than $600 million. Click here to read the full article (subscription may be needed).

3. Republican Senators Reintroduce Bill Pushing for Disclosure of Litigation Funding

A group of Republican U.S. Senators have reintroduced legislation that would require plaintiffs to disclose when they’ve secured third-party funding in litigation. Sens. Chuck Grassley of Iowa, John Cornyn of Texas, Thom Tillis of North Carolina, and Ben Sasse of Nebraska reintroduced the Litigation Funding Transparency Act (LFTA) on Wednesday. Click here to read the full article (subscription may be needed).

4. Notable Securities Class Action Rulings From the Third Circuit in 2018

In three opinions issued in 2018, the U.S. Court of Appeals for the Third Circuit clarified several pleading requirements for putative class action securities complaints. Click here to read the full article (subscription may be needed).

5. Robbins Geller Seeks Lead In Action Over Nissan Pay Scandal

A Michigan pension fund urged a Tennessee federal court on Friday to appoint it the lead plaintiff, and its attorneys at Robbins Geller Rudman & Dowd LLP lead counsel, in a putative class action over ex-Nissan Motor Co. chairman and CEO Carlos Ghosn’s alleged underreported compensation in securities filings. Click here to read the full article (subscription may be needed).

Learn More

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

• Blogs
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  • FRT Insights – Quarterly Newsletter: January 2019
• Whitepapers:
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  • A Primer on Global Group Litigation
  • Illustrating The Outer Time Limits By Which Filing Decisions Must Be Made
  • Calculating Inflationary Losses for Comparison to Loss Thresholds
  • Global Landscape Continues to Evolve in the Wake of Morrison Decision

About FRT

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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 www.frtservices.com.

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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.