Tag Archives: Class Action Settlements

How Antitrust Class Actions Will Impact Your Fiduciary Responsibilities
By Allison Gosman, Senior Marketing Specialist, Financial Recovery Technologies By now, most institutional investors have concluded their fiduciary duty requires filing proof of claim forms in U.S. securities class action settlements. However, many have not yet implemented similar claims filing protocols for U.S. antitrust and non-U.S./Canada securities matters. In the U.S., there are currently more than 50 active cases in Continue Reading...
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Foreign investors allowed to pursue claims against BP in U.S. court
There has been a new development in the case against BP Plc regarding the 2010 Gulf of Mexico oil spill. In a recent decision, a U.S. District Judge in Texas said foreign investors who bought BP common shares on exchanges overseas are able to pursue securities class action claims under English law. Pension funds in the U.K., Germany and other countries that bought shares Continue Reading...
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Dismissal of Omnicare class action establishes guideline for when corporate misstatements are made
The U.S. Appeals Court for the Sixth Circuit has dismissed a proposed securities fraud class action against Omnicare, Inc., making clear when a corporation will be deemed to have knowingly made misstatements. In their litigation, shareholders claimed Omnicare, a pharmaceutical care provider, and several of its executives committed securities fraud by making misrepresentations about the company’s compliance with Medicare and Medicaid regulations. Continue Reading...
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