Morrison decision applied in review of UBS credit crisis class action

The 2nd Circuit U.S. Court of Appeals earlier this month upheld the U.S. Supreme Court’s decision in Morrison v. National Australia Bank in a case against UBS. As a result of Morrison, securities traded outside the U.S. are no longer considered within U.S. jurisdiction, effectively barring investors who purchase securities on a foreign exchange from participating in U.S. class actions. Continue Reading

FRT’s Fast Five: Week ending April 19, 2019

Financial Recovery Technologies Fast Five provides you with the top news in shareholder class actions. Stay up-to-date on the latest developments in settled (U.S./Canada) claims filing opportunities, Antitrust settlements, Global Group Litigation matters and more. For more information, contact your Financial Recovery Technologies representative or email us. 1. Lyft Investors Sue Over Slump, Claiming IPO Was Overhyped Lyft Inc. was Continue Reading

Three Key Things to Know About Non-U.S. Jurisdictions

The shareholder litigation landscape outside the U.S. continues to rapidly grow and evolve. With nearly 50 cases filed or book-building during 2018, investors must now consider many more factors when deciding whether to get active and which recovery efforts to join. Here are three essential things you need to know when deciding whether to participate in recovery efforts outside of Continue Reading