“Australia has become the second-most important for shareholder litigation, through class actions, in the world, according to Rob Adler, the chief executive officer of US-based Financial Recovery Technologies (FRT). Recovering moneys owed has become a fiduciary duty for large investors and an opportunity for individuals. 

At a roundtable for big investors, custodians and fund managers in Melbourne, Adler said: “Our clients want to know what they should be doing. Our skills are around data, technology and understanding damages. People want to know what the risks are in participating, including cost risks, reputational risks, and the risk of overly burdensome recovery. For instance, you don’t want your portfolio manager getting a deposition to appear for three days in a court in Berlin, especially if you didn’t even tell him you were participating in the action.”

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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.

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