FRT’s Fast Five: Week ending November 30, 2018

Financial Recovery Technologies Fast Five provides you with the top news in shareholder class actions. Stay up-to-date on the latest developments in U.S. claims filing opportunities, Antitrust settlements, Global Group Litigation matters and more. For more information, contact your Financial Recovery Technologies representative or email us.

1. Whistleblower reveals more players in £178bn Danske Bank scandal

A major European lender and two US banks have become embroiled in an alleged €200bn (£178bn) money-laundering scandal at Danske Bank, following new testimony by a key whistleblower. Click here to read the full article.

2. RCR Tomlinson hit with class action from Quinn Emanuel after share plunge

RCR Tomlinson has been hit with a class action lawsuit following a $57 million write-down on two Queensland solar projects and a slumping share price as the engineering group extended its voluntary trading suspension and its contractors pulled workers off solar farms. Click here to read the full article (subscription may be needed).

3. Yelp Gets Partial Toss Of Investor Suit Over Biz Retention

A California federal judge partially tossed a proposed investor class action against Yelp Inc. on Tuesday, finding that some of the crowd-sourced review site’s allegedly misleading statements about its advertising program with local businesses were forward-looking while others may have been made to conceal the program’s retention problems. Click here to read the full article (subscription may be needed).

4. AbbVie Tries To Ax Investor Suit Over $100M Stock Drop

AbbVie Inc. urged an Illinois federal judge on Tuesday to toss a proposed class action over a corrective disclosure released after a stock buyback effort that shareholders said cost them $100 million, arguing that the investors failed to make any adequate fraud or negligence claims. Click here to read the full article (subscription may be needed).

5. Tesla Tweet Suits Combined With Levi & Korsinsky At Helm

A California federal judge on Tuesday chose a Levi & Korsinsky LLP-represented trader as lead plaintiff in a slew of class actions seeking to hold Tesla and Elon Musk accountable for two August tweets that roiled the company’s stock price. Click here to read the full article (subscription may be needed).

Learn More

To learn more about how FRT can help your firm maximize recoveries in shareholder class action settlements, contact us at learnmore@frtservices.com.

About FRT

U.S. CLAIMS  I  GLOBAL GROUP LITIGATION  I  ANTITRUST  I  LITIGATION MONITORING  I  BUYOUTS

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.

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.

Employee Spotlight: Iris Sanxhaku

Iris Sanxhaku is an Account Manager at Financial Recovery Technologies. She recently relocated to London joining our European team as we continue to expand our business internationally. She brings over five years of experience in client service, where she primarily supports some of our largest custody clients and our European client base.

What are your top priorities?

My top priority is making sure that our clients are happy with our services. It is important to me that I’m providing not just reactive service, but proactive guidance on how to navigate our services and of course the market. An account manager at FRT is like a quarterback in football. You must be a master of the game and become an expert in delivering value to your top accounts.

FRT is growing, and the shareholder class action industry is continually evolving. New cases are being litigated and settled every day, so it is an exciting time to be an account manager.

What does your typical workday look like?

My average day is spent proactively educating my clients on cases where they have eligibility, responding to client inquiries, as well as internal and client meetings.

As I recently relocated to London, I now have the opportunity to meet face-to-face with our European clients and learn about the unique challenges they face that differ from the U.S. clients.

What is FRT doing to ensure they are adapting to the changing landscape of the class action industry while continuing to meet the needs of current and future clients?

Our Product Team has developed key processes to minimize the manual work and generate significantly better reporting. We are committed to automation and technology to provide efficiency.

Our Marketing Team has been phenomenal in updating the website and all our blogs providing content for us to share with clients and prospects. Especially through LinkedIn as an avenue of social media, which has come a long way over the years and we didn’t use as frequently when I first started.

What is the most valuable lesson you have learned during your tenure at FRT?

Attention to detail. Working with one of our largest partners, I have learned how important it is to make sure all data is accurate to ensure reporting is correct. I always double check what I am going to tell the client to make sure I am communicating with confidence.

What is one piece of advice that has changed your professional career?

Be open-minded. You never know when something isn’t for you unless you try it out and you never know what opportunities lie that could help you succeed in the future.

Learn More

For more information on what our employees have to say about their experiences with FRT, check out our careers page.

About FRT

U.S. CLAIMS  I  GLOBAL GROUP LITIGATION  I  ANTITRUST  I  LITIGATION MONITORING  I  BUYOUTS

Founded in 2008, Financial Recovery Technologies (FRT) is a 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.

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.

Euribor Case Update: Two Additional Defendants File for Preliminary Settlement of $182.5 million

On Wednesday, November 21, 2018, Plaintiffs filed a proposed preliminary settlement for $182.5 million addressing Citigroup Inc. and J.P. Morgan’s alleged manipulation of the European Interbank Offered Rate (Euribor), with the court.

These two defendants join the three other defendant banks who had previously settled with affected investors (read our case spotlight) bringing the settlement pool to $491.5 million.

  • Deutsche Bank AG $170,000,000
  • Barclays Plc $94,000,000
  • HSBC Holdings Plc $$45,000,000

FRT has already filed over 29,000 claims for the Euribor settlement ($309 million). Class counsel has not announced a claims filing date and nearly a dozen defendants remain in litigation.

FRT will continue to monitor this matter for key dates that impact this Antitrust case.

Learn More

For more details including case background, timing and how to file for this case or FRT Antitrust service, please contact your FRT representative or email us at learnmore@frtservices.com.

About FRT

U.S. CLAIMS  I  GLOBAL  I  ANTITRUST  I  LITIGATION MONITORING  I  BUYOUTS

Founded in 2008, Financial Recovery Technologies (FRT) is a 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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Email us: learnmore@frtservices.com

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.