Tag Archives: Securities Class Actions

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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Fiduciary Settlements LTD. selects FRT as partner to offer class action recovery solutions
Agreement Provides Institutional Investors with Access to World-Class Recovery Services Financial Recovery Technologies LLC (FRT), a leader in securities class action settlement recovery, today announced that London-based Fiduciary Settlements Ltd. (FSL) has selected FRT to provide its best-in-class claim filing services to FSL’s institutional clients. Utilizing proprietary technology and processes backed by state-of-the-art data security, FRT identifies eligibility, files claims Continue Reading...
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