FRT Insights



[ ON-DEMAND] FRT Insights: A Dialogue with Conway Dodge, Former SEC Assistant Director

Knowing your role as a fiduciary is essential to maintaining your organization’s financial and ethical accountability. Failure to fulfill this duty could expose you to unnecessary risk.

Conway Dodge, former Assistant Director in the Securities and Exchange Commission’s Division of Enforcement, focused on securities regulation and enforcement at the SEC for over 12 years. During his tenure, he led complex investigations into potential violations of U.S. securities laws and was instrumental in bringing the milestone case that marked the SEC’s first application of its new admissions policy, resulting in a settlement that included substantive admissions of wrongdoing by a prominent hedge-fund manager.

Listen to our on-demand webinar as Conway Dodge, Managing Director and Deputy Head of the Americas at Promontory Financial Group and Rob Adler, CEO at Financial Recovery Technologies discuss:

  • What does it mean to be a fiduciary? How do firms meet their fiduciary responsibilities?
  • How has the role of a fiduciary changed?
  • Impact of recent SEC leadership on settlements that may include admissions of wrongdoing
  • What to expect from current SEC leadership

Fiduciary Duty: “What Does it Mean to be a Fiduciary?”

Listen to the 2-minute clip on what it means to be a fiduciary. In almost all instances, it means that you owe a duty of care and of loyalty and of good faith to the beneficiaries.


Fiduciary Duty: Roles of Fiduciaries as it Relates to Shareholder Litigation

Listen to the 2-minute clip on what role asset owners and asset managers play as it relates to shareholder litigation. While they are investors, not litigations, they occupy that role as the fiduciary to make sure that they’re operating in the best interest of the underlying shareholders.

[ ON-DEMAND] FRT Insights: A Dialogue with Jeremy Hill, General Counsel at USS

Join us as we kick-off our FRT Insights series with Jeremy Hill, Group General Counsel for Universities Superannuation Scheme (USS).

As the largest private pension scheme in the UK, Universities Superannuation Scheme (USS) has taken a proactive approach to managing their shareholder litigation opportunities. Attend our webinar as Jeremy Hill, Group General Counsel at USS and Rob Adler, CEO at Financial Recovery Technologies discuss:

  • USS’ history of managing litigation and the evolution of their shareholder litigation policy
  • Objective of having a governance program around Class Actions and how is it structured. How does USS leverage their governance program to navigate global opportunities?
  • Looking back at the landscape, what lessons have you learned? What future trends are you keeping an eye on?

Fiduciary Duty: “In line with most of our peers, we have a fiduciary duty to collect money that’s due to us”

Listen to the 90-second clip on how USS approaches securities litigation from a fiduciary perspective and how it led to their role as lead plaintiff in Petrobras.



Shareholder Litigation Policy: “We’ve developed a sophisticated securities litigation policy along with a comprehensive process”

Listen to the 2-minute clip for insight into what factors are part of USS’ securities litigation policy including amount of loss on a gross basis, strength of claim, jurisdiction the claim is emanating from, risk and costs.


Active Participation in Litigation: “We look to see if by taking an active role in a piece of litigation, can we product a better financial income for the firm?”

Listen to the 2-minute clip for insight into what factors drive passive and active litigation participation.



Lead Plaintiff in Petrobras: “We took a very hands-on approach as lead plaintiff in Petrobras”

The role of lead plaintiff can be burdensome. Listen to the 90-second clip to hear how USS managed this process by managing their internal constituents, especially their board throughout the process.


Opt-Outs in Petrobras: “In the end, we were always very committed to doing our best for the class, whoever remained in the class.”

In the Petrobras case, there were a lot firms that decided to opt-out of the class and take a direct action. Listen to the 2-minute clip to hear how that impacted USS’ role as lead plaintiff in the class action and potentially benefited class members.

[ COMING SOON] FRT Insights: Quarterly Webinars

Join your peers each quarter as we provide an unbiased and comprehensive overview of what is impacting shareholder litigation and how institutions can prepare, monitor and maximize this unique asset, including:

  • View from the SEC: What does it mean to be a Fiduciary?
  • Varied approaches to manage shareholder litigation through governance programs and corporate policies
  • Challenges of shareholder litigation in foreign (non-U.S.) jurisdictions
  • Emerging trends within the U.S. litigation market
  • And more

[ ON-DEMAND WEBINAR ] Securities Class Action Claims Purchasing: The What, How and Why of Monetizing an Expiring Asset

Fund closures are commonplace, yet it is an infrequently examined subject. Funds shut down for a variety of reasons; liquidation can be related to fixed-term funds with designated termination dates, redemptions by large investors, underperformance, or departures of key personnel.

While the decision to wind down is never easy, there are some key challenges of the liquidating process. Listen to our webinar to learn how you can monetize your future class action claims.

[ ON-DEMAND WEBINAR ] What’s Driving Changes in the Australian Shareholder Class Action Landscape

The Australian shareholder class action landscape is in flux. There are potential changes around protections afforded investors under the securities laws, regulation of litigation funders, permitting lawyers to charge contingency fees, and common fund orders.

[ ON-DEMAND WEBINAR ] Understanding Shareholder Loss Estimates in Non-U.S. Securities Litigation

With the continued expansion of non-U.S. securities litigation, more institutions are asking questions around losses. How are they calculated? Why do they differ? What do they mean? How can we use them when making participation decisions?

These unknowns are establishing uncertainty in the marketplace and difficulties comprehending the factors that should be considered when registering for cases. Investors must understand the methods being used, their legal and factual predicates, and how vulnerable loss estimates will be to factual and legal challenges by defendants.

Attend our webinar to learn more about shareholder loss estimates in non-US securities litigation.

Latest News

Social Media