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. Investors Refile $102M Ponzi Suit Against BofA, Citizens Bank

A pair of investors in what regulators allege to be a $102 million Ponzi scheme filed a suit against Bank of America, Citizens Bank and the scheme’s operators in New York federal court on Wednesday that builds upon their voluntarily dismissed action in Florida with new details and defendants. Click here to read the full article (subscription may be needed).

2. Rhode Island pension fund named to lead Google class action

he $8.1 billion Rhode Island Employees’ Retirement System, Providence, was appointed lead plaintiff in a shareholder class-action lawsuit against Google’s parent company, Alphabet. Click here to read the full article.

3. NY Court approves $27m settlement in Barclays dark pool case

Judge Victor Marrero of the New York Southern District Court has signed an Order preliminarily approving the proposed $27 million settlement in a dark pool case targeting Barclays PLC (LON:BARC), its United States subsidiary Barclays Capital Inc. and William White, former Head of Equities Electronic Trading at Barclays Capital. Click here to read the full article.

4. Litigation funder sets up shop in Australia to profit from banking royal commission

The world’s biggest litigation funder has set up shop in Australia to get a slice of the booming class-action business, including some high profile cases stemming from the banking royal commission. Click here to read the full article.

5. Antitrust: Commission sends Statement of Objections in European government bonds cartel

The European Commission has informed eight banks of its preliminary view that they have breached EU antitrust rules by colluding, in periods from 2007 to 2012, to distort competition when acquiring and trading European government bonds. Click here to read the full article.

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.

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  • A Primer on Global Group Litigation
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About FRT

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