FRT’s Fast Five: Week ending November 9, 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. Traders Ask 2nd Circ. To Take Up Libor Class Cert. Fight

A group of exchange-based traders on Tuesday asked the Second Circuit to take up their midcase class certification fight in a suit claiming UBS AG and Rabobank deliberately modified their submissions in the Libor rate-setting process to manipulate the benchmark. Click here to read the full article (subscription may be needed).

2. Court rules for investors in Volkswagen diesel suit

A court in Germany has ruled that Volkswagen’s main stakeholder must pay 47 million euros ($54 million) in damages to investors for not making a timely disclosure of its scandal over cars rigged to cheat on diesel emissions tests. Click here to read the full article.

3. Funds Fight Chinese Bank’s Venue Bid In SIBOR Rigging Suit

Sonterra Capital Master Fund Ltd. and FrontPoint Asian Event Driven Fund LP have urged a New York federal court to reject a Chinese bank’s arguments that it is not subject to U.S. jurisdiction and its interlocutory appeal in a suit accusing it and other banks of rigging a key Southeast Asian interest rate. Click here to read the full article (subscription may be needed).

4. Forex Counsel Awarded $300M In Fees For $2.3B Deal

A New York federal judge on Thursday awarded more than $300 million in attorneys’ fees to the firms representing an investor class in securing $2.3 billion in settlements over claims that 15 banks colluded to rig benchmark exchange rates in the foreign exchange markets. Click here to read the full article (subscription may be needed).

5. Motley Rice To Lead Riot Investors In Bitcoin Fraud Case

Motley Rice LLC won the position of lead counsel Tuesday in the consolidation of two proposed securities fraud class actions in New Jersey federal court accusing biotech company-turned-cryptocurrency investor Riot Blockchain Inc. of making bogus claims to shareholders about its bitcoin trading practices. Click here to read the full article (subscription may be needed).

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Founded in 2008, Financial Recovery Technologies (FRT) is the leading technology-based services firm that helps the investment community identify eligibility, file claims and collect funds made available in securities and other class action settlements. Offering the most comprehensive range of claim filing and monitoring services available, we provide best-in-class eligibility analysis, disbursement auditing and client reporting, and deliver the highest level of accuracy, accountability and transparency available. For more information, go to www.frtservices.com.

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.

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