Recovery efforts in some countries outside the U.S. have proven challenging, with some of the successes there smaller than expected. Whether clients see much from these recoveries frequently depends on the terms of the organizer’s funding agreements and, more specifically, the amount of expenses reimbursed before funds are distributed to group members. Registration documents, including ..read more

..read more

..read more

..read more

New securities class action settlements and payouts remained steady through the third quarter of 2024, highlighted by a pair of major antitrust disbursements and two large SEC Fair Funds. FRT tracked a total of 34 class actions settling for a combined $1.4 billion in Q3, putting settlement activity in line with historical norms. In addition ..read more

Over the last four years, we have seen significant transformation of the non-US securities litigation landscape. Constant throughout these shifts, however, has been the increased importance of “custodial confirmations” in proving the existence and value of shareholder claims. Sometimes called “trade attestations” or “document audits,” custodial confirmations are documents provided by custodians showing that a ..read more

Late last month, the news reported a $200 million payday for a large investment management firm and other plaintiffs from settlements of their claims against Deutsche Bank AG in Germany over its 2008 acquisition of Deutsche Postbank.[1] Here are five takeaways for investors from these resolutions. You need to be in the game As my ..read more

SEC Fair Funds resemble standard securities class actions settlements, but their goals and the parties involved differ. Most notably for investors, Fair Funds have specialized requirements that can make participation more difficult. As a regulatory agency, the U.S. Securities and Exchange Commission is chiefly focused on regulation and deterrence – not investor compensation. To participate ..read more

Over the past several years, SEC Fair Funds have posed significant participation challenges for institutional investor claimants. This is primarily because SEC Fair Funds have different goals and administrative requirements than typical U.S. securities class action settlements, which are relatively streamlined and predictable.  The U.S. Supreme Court’s recent ruling in SEC v. Jarkesy shakes up ..read more

Medford, MA – July 23, 2024 – Financial Recovery Technologies (FRT), the leading global securities class actions recovery provider, has acquired Skematic, a rapidly growing SaaS company with a suite of software solutions for enhanced compliance management. The acquisition advances FRT’s transformation and expands the company’s capabilities to support financial institutions with innovative solutions designed to address their legal and compliance challenges. The acquisition of Skematic represents an important milestone in FRT’s journey.  Within a short period and with rapid adoption, Skemat ..read more