U.S. AGs competing with plaintiff bar in antitrust cases

Image result for u.s. attorney general sealAn antitrust class action trend has emerged with cases being brought by U.S. Attorneys General. Regulatory enforcement proceedings by state Attorneys General could put a dent in antitrust class action recoveries. These out-of-court settlements differ from class action settlements in that they are not subject to preliminary or final court approval, fairness hearings or objection proceedings, and they do not involve a process for submitting proof-of-claim forms.

In some AG cases, claimants were required to sign a release of their claims against the defendant in order to receive a certain amount from the recovery fund. Therefore, claimants forfeited their right to recover against the defendant in several pending class actions, as well as future cases, and are precluded from bringing their own direct lawsuits against the firm.

Download FRT’s  Securities Litigation & Class Action Trends – 2016 Year in Review to learn more about this trend and others affecting securities litigation.

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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.

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