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.
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.
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).
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).
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).
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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- Fortis Settlement Update (November 2018): ‘Active Claimants’ entitled to a 25% premium on their recoveries
- 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
U.S. CLAIMS I GLOBAL GROUP LITIGATION I ANTITRUST I LITIGATION MONITORING I BUYOUTS
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