FRT’s Fast Five: Week ending November 2, 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. Investor Attys Seek $8.5M In $43M Medtronic Stock-Drop Deal

Counsel for a class of Medtronic Inc. investors asked a Minnesota federal judge on Monday for $8.5 million in fees and expenses for their work in reaching a $43 million settlement over claims the medical device maker manipulated studies for one of its products. Click here to read the full article (subscription may be needed).

2. VOLKSWAGEN DIESELGATE INVESTOR DEADLINE: Absolute Last Chance for Investors to Join VW Recovery Efforts Before the Statute Expires in December 2018

Investors who have not yet have acted to recover losses from earlier drops and the almost 40% sharp drop in prices of VW shares on Xetra Deutsche Börse, from the September 2015 Diesel-Gate revelation, must act now to have any chance of receiving money from a very likely settlement or judgment in the matter. Click here to read the full article.

3. VGI’s Luciano hits out at Maurice Blackburn’s Corporate Travel ‘investigation’

VGI Partners, the $2 billion hedge fund that launched an activist short campaign against Corporate Travel Management, has responded angrily to law firm Maurice Blackburn’s threat that it could be the subject of an action arising from its own investigation. Click here to read the full article.

4. Walmart To Pay $160M To End Investor Suit Over Bribes

With the commission’s class actions report in its final stages, Derrington – a non-sitting judge of the Federal Court – took aim at those who sell shares in the proceeds of any settlement.
She cited the example of Burford Capital which recently sold off 25 per cent of its funding of a claim in the USA against the Argentinian government for nationalisation of an oil company for $106 million. Its original investment was $18 million. Click here to read the full article (subscription may be needed).

5. Newell Execs Sank Company Stock Value, Shareholders Say

Newell Brands Inc. stockholders sued the company’s directors and top officers in Delaware District Court Tuesday, accusing them in a six-count suit of federal securities law violations, unjust enrichment, corporate waste and fiduciary breaches allegedly coinciding with a steep business downturn. Click here to read the full article (subscription may be needed).

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