Investor Strategy News: Corporate scandals are driving more Australian class actions
“There are currently about 27 Australian class actions either in the process of being filed or already filed in 2018. Five-or-so years ago, in Australia, there might have been a handful taking place at any given time. Australia is one of the most active class action jurisdictions behind the US and institutional investors, their custodians, managers, and advisors are becoming more involved in these cases.
According to Steven Longley, senior vice president of corporate development at Financial Recoveries Technologies (FRT), a Massachusetts-based global litigation monitoring and recovery services firm, too many investors have been missing out on potential recoveries for losses caused by the misdeeds of their investee companies.”
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FRT’s comprehensive suite of services helps institutional investors address the growing complexities of the global securities and non-securities class action landscape. To learn more about how FRT can help your firm maximize recoveries in non-securities class action settlements, contact your FRT representative or email us at email@example.com.
- May 2018: Investors Offered Reduced Fees and Costs as Competition Among Australian Law Firms Increases
- March 2018: In Australia, Stakes Are High with Securities Litigation and Antitrust Cases
- October 2017: Australian Class Actions Outpace Other Non-U.S. Jurisdictions
- September 2017: Case Spotlight: Commonwealth Bank of Australia
- August 2017: Multiple competing class actions against Bellamy’s Australia Ltd. resolved by the Australian Federal Courts
- July 2017: History of the Australian Class Action
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