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.
In 2019, securities attorneys will be following a U.S. Supreme Court case involving an investment banker accused of committing fraud for forwarding his boss’ misstatements, and hoping for additional clarity about how to establish loss causation in stock-drop suits. Click here to read the full article (subscription may be needed).
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 under way in Delaware Chancery Court on this very question. Click here to read the full article (subscription may be needed).
American freight shipping company YRC Worldwide was hit with a proposed class action Wednesday in New York federal court that says investors paid the ultimate price when the company allegedly overcharged the federal government for carrier services and later tried to cover it up. Click here to read the full article (subscription may be needed).
Denmark’s government is to propose measures to avoid its financial regulator being too close to the banks it supervises after concerns of regulatory capture in its response to the giant €200bn money laundering scandal at Danske Bank. Click here to read the full article (subscription may be needed).
A New Jersey federal judge has trimmed a proposed class action alleging former executives of now-bankrupt software service provider Liquid Holdings Group Inc. and the underwriter of its IPO neglected to disclose various misconduct, saying the investors haven’t shown their shares were directly tied to the offering at issue. Click here to read the full article (subscription may be needed).
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U.S. CLAIMS I GLOBAL GROUP LITIGATION I ANTITRUST I LITIGATION MONITORING I BUYOUTS
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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.