Tag Archives: Global

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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Fortis Collective Settlement provides €1.204b (roughly $1.3b) to harmed investors
CASE BACKGROUND In March 2016, Fortis and several shareholder organizations reached a collective settlement providing €1.204 billion (roughly $1.3 billion) to harmed investors. The Fortis settlement represents the largest ever under Dutch collective settlement procedures, which is why it has garnered such significant press coverage. The settlement relates to Fortis’s unsuccessful participation in the ABN AMRO acquisition prior to the Continue Reading...
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Hong Kong one step closer to introducing class actions
In November of 2012, the Hong Kong Department of Justice announced it would create a working group to study and consider introducing a class action regime. The first meeting of this cross-sector working group was set for earlier this year. The group will discuss the proposals for the introduction of a comprehensive class action regime set out by the Law Reform Continue Reading...
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