Securities Class Action Cases: Quarterly Disbursed Claims – Q4-2018

In Q4-2018, over $2.3 billion of settlement funds were distributed, across 34 settlements. A near 200% increase from Q3-2018. For more information, contact your Financial Recovery Technologies representative or email us.

Top 5 Recently Settled Cases in Q4-2018 (in terms of settlement fund value)

  • Cobalt International Energy, Inc. ($389.6m)
  • Bank of America Mortgage Obligations Distribution ($109m)
  • BHP Billiton PLC ($50m)
  • Intuitive Surgical, Inc. ($42.5m)
  • Poseidon Concepts Corporation ($34.6)

Top 5 Disbursed Cases in Q4-2018 (in terms of settlement fund value)

  • Merck & Company ($830m)
  • Goldman Sachs & Company ($272m)
  • MF Global Holdings Limited ($204m)
  • Elan Corporation Plc ($135m)
  • Tesco PLC Compensation Scheme – KPMG ($118.6m)

Q4-2018 Disbursed Cases

Disbursement DateCase NameClaim DeadlineSettlement Fund
12/19/2018PLY GEM HOLDINGS, INC.06/29/2018$25,950,000.00
12/17/2018TERRAFORM PROWER, INC.01/05/2018$14,750,000.00
12/14/2018AMICUS THERAPEUTICS, INC.01/01/2018$3,750,000.00
12/10/2018MF GLOBAL HOLDINGS LIMITED12/03/2015$204,432,828.00
12/06/02018LIPOCINE INC. 06/11/2018$4,250,000.00
11/27/2018SMART TECHNOLOGIES, INC. 10/04/2013$15,250.000.00
11/20/2018CVB FINANCIAL CORPORATION04/18/2017$6,200,000.00
11/20/2018TANGOE, INC.02/22/2018$2,550,000.00
11/20/2018HOME LOAN SERVICING SOLUTIONS, LTD. 10./31/2017$6,000,000.00
11/20/2018OPPENHEIMER ROCHESTER FUNDS GROUP02/28/2018$50,750,000.00
11/12/2018TESCO PLC COMPENSATION SCHEME02/22/2018$118,655,100.00
11/09/2018OSI SYSTEMS, INC. 01/15/2016$15,000,000.00
11/08/2018BARX07/07/2017$50,000,000.00
11/02/2018CHC GROUP LIMITED11/02/2017$3,850,000.00
11/02/2018SINO FOREST CORPORATION02/14/2014$65,000,000.00
11/02/2018AVON PRODUCTS, INC.01/19/2016$62,000,000.00
10/31/2018GOLDMAN SACHS & COMPANY05/13/2016$272,000,000.00
10/31/2018MERCK & COMPANY09/12/2016$830,000,000.00
10/31/2018ASSISTED LIVING CONCEPTS, INC.02/06/2014$12,000,000.00
10/31/2018ELAN CORPORATION PLC05/29/2017$135,000,000.00
10/26/2018DOLE FOOD COMPANY, INC.08/09/2017$74,000,000.00
10/26/2018NU SKIN ENTERPRISES, INC.10/06/2015$47,000,000.00
10/25/2018PENN WEST PETROLEUM LIMITED08/26/2016$19,759,282.00
10/25/2018EZCORP, INC.05/19/2017$5,900,000.00
10/24/2018MARVELL TECHNOLOGY GROUP LIMITED05/07/2018$72,500,000.00
10/23/2018MONTAGE TECHNOLOGY GROUP11/20/2017$7,250,000.00
10/23/2018WYETH09/12/2016$10,000,000.00
10/23/2018ALTISOURCE PORTFOLIO SOLUTIONS S.A.07/11/2017$32,000,000.00
10/19/2018WORLD ACCEPTANCE CORPORATION01/17/2018$16,000,000.00
10/12/2018RENTRAK CORPORATION09/19/2017$19,000,000.00
10/11/2018IDREAMSKY TECHNOLOGY LIMITED03/20/2018$4,150,000.00
10/03/2018CREDIT SUISSE BULK SETTLEMENT PRACTICE FAIR FUND11/15/2016$101,747,769.00

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.

Follow us on Twitter: @FRTServices

Follow us on LinkedIn: Financial Recovery Technologies

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.