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. Whistleblower reveals more players in £178bn Danske Bank scandal

A major European lender and two US banks have become embroiled in an alleged €200bn (£178bn) money-laundering scandal at Danske Bank, following new testimony by a key whistleblower. Click here to read the full article.

2. RCR Tomlinson hit with class action from Quinn Emanuel after share plunge

RCR Tomlinson has been hit with a class action lawsuit following a $57 million write-down on two Queensland solar projects and a slumping share price as the engineering group extended its voluntary trading suspension and its contractors pulled workers off solar farms. Click here to read the full article (subscription may be needed).

3. Yelp Gets Partial Toss Of Investor Suit Over Biz Retention

A California federal judge partially tossed a proposed investor class action against Yelp Inc. on Tuesday, finding that some of the crowd-sourced review site’s allegedly misleading statements about its advertising program with local businesses were forward-looking while others may have been made to conceal the program’s retention problems. Click here to read the full article (subscription may be needed).

4. AbbVie Tries To Ax Investor Suit Over $100M Stock Drop

AbbVie Inc. urged an Illinois federal judge on Tuesday to toss a proposed class action over a corrective disclosure released after a stock buyback effort that shareholders said cost them $100 million, arguing that the investors failed to make any adequate fraud or negligence claims. Click here to read the full article (subscription may be needed).

5. Tesla Tweet Suits Combined With Levi & Korsinsky At Helm

A California federal judge on Tuesday chose a Levi & Korsinsky LLP-represented trader as lead plaintiff in a slew of class actions seeking to hold Tesla and Elon Musk accountable for two August tweets that roiled the company’s stock price. Click here to read the full article (subscription may be needed).

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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: October 2018
  • Evolution of Global Litigation: The Rise of Non-U.S. Passive Participation
  • Securities Class Action Cases: Quarterly Disbursed Claims – Q3-2018
  • Antitrust Class Action: The Road Ahead
  • U.S. and Non-U.S. Claims Filings – Benefits of outsourcing the class action recovery process
• 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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