“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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SETTLED CLAIMS I PASSIVE GROUP I ANTITRUST I FUTURE CLAIMS I OPT-IN MONITORING I OPT-OUT MONITORING
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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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.