By Allison Gosman, Senior Marketing Specialist, Financial Recovery Technologies
The Morrison v. National Australia Bank case changed the global landscape for class action recoveries. In June, 2010, the U.S. Supreme Court ruled that securities traded outside the U.S. are no longer within U.S. jurisdiction, effectively barring investors who purchased securities on a foreign exchange from filing U.S. class actions.
As a result, many securities fraud cases have been pushed overseas and the decision has led to suits in more countries, dynamic legal developments in jurisdictions, more lawyers and funding sources and better outcomes and lower fees.
An important consequence of the decision has been the increased time and attention investors need to allocate towards evaluating potential litigation in non-U.S. jurisdictions.
Download FRT’s report Global Landscape Continues to Evolve in the Wake of Morrison Decision to gain insight into why suits brought under non-U.S. law in foreign courts have become a prominent component in the effort to maximize recoveries from shareholder litigation.
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- Petrobras: Understanding the importance of monitoring both U.S. and Non-U.S. class actions
To learn more about how FRT Global Group Litigation and how we can help your firm maximize recoveries in non-U.S. securities litigation, contact your FRT representative or email us at email@example.com.
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.
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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.