On Wednesday, February 7, 2024, over 130 institutional shareholders served ING Groep NV (“ING”) and certain former directors of ING with a writ of summons claiming over €600 million in damages caused by ING’s failure to properly inform the market of material information relating to ING Bank N.V.’s (“ING Bank”) alleged corrupt practices and violation of anti-money laundering laws. This lawsuit follows the €775 million fine ING paid to the Netherlands Public Prosecution Service (Openbaar Ministerie) (the “NPPS”) in 2018 for violations of anti-money laundering laws.
Investors File Half Billion-Euro Claim Against ING Groep NV
Topics: Global Loss Recovery, shareholders, protection, netherlands
DRRT Participates on Investment & Pensions Europe Webcast
DRRT's Managing Partner, Joseph Gulino, spoke at a Webcast hosted by Investment & Pensions Europe. The webinar "Class Actions: Trends In Securities Litigation" discussed various considerations investors should evaluate when participating in loss recovery efforts worldwide.
DRRT Contributes to Investment & Pensions Europe Class Action Guide.
DRRT is delighted to contribute to Investment & Pensions Europe's "Class Actions: A Guide for Pension Funds and Asset Managers".
On November 2, 2022, the U.S. Securities and Exchange Commission (“SEC”) adopted rule and form amendments to enhance the information that registered funds currently report about their proxy votes, in addition to requiring fund managers to report how they voted on executive compensation matters, or “say-on-pay” votes. Some of the measures to enhance reporting include requiring funds to present voting matters in a particular order and organizing them into several different categories, as well as disclosing how many shares were loaned and not recalled (and thus not voted).
DRRT's Managing Partner, Joseph Gulino was a speaker at the Improve in Bergamo
DRRT was honored to support and participate in the Improve conference on November 25, 2022. The conference provided insight into protection of the equity, from finances to real estate.
Our Managing Partner Mr. Gulino participated in a panel titled "Class action and investment damage protection instruments", in which he discussed Class Action - The American Model, investment damage protection tools in the United States, and the available loss recovery mechanisms.
The conference addressed the weaknesses of the financial systems that affect retail and institutional investors around the world, the damage assessment, and effective tools to protect investors.
Topics: classaction
DRRT Launches Update to its Global Investor Protection System (GPS)
DRRT is launching an update to its Global Investor Protection System (GPS).
Launched in 2011, DRRT's GPS provides investors with a comprehensive view of all securities loss recovery matters worldwide.
For years, investors, including asset managers, insurance companies, mutual and pension funds, as well as other financial institutions around the world have relied almost exclusively on the U.S class action system for the recovery of losses from, investor fraud. They have done so by participating in passive class action settlements or through active opt-out litigation.
Topics: Settlement, Claims Filing
DRRT's Managing Partner, Joseph Gulino hosted a panel at the ICGN's conference in Seoul.
DRRT was honored to support and participate in the ICGN's conference in Seoul on October 5, 2022. We want to thank Mr. Fred Bowman, Investment Officer at Therium Capital Management, and Mr. Joonyup Park, attorney at Kim & Chang and formerly at Korea Investment Corporation for joining our Managing Partner, Joseph Gulino at DRRT's panel, "Shareholder Activism Tools, Litigation as a Tool to Encourage Sound Corporate Governance Practice".
Topics: Global Loss Recovery, ICGN
Hypo Real Estate Settlement Featured in The D&O Diary
The recent DRRT settlement with Hypo Real Estate Holding was recently featured in The D&O Diary.
Topics: Settlement, Settlements, law, lawsuit, lawfirm, lawyers, hypo real estate
DRRT beendet 13-jährigen Rechtsstreit für Anleger in Sachen Hypo Real Estate Holding GmbH (HRE) erfolgreich mit historischem Vergleich
Das seit Januar 2009 anhängige Gerichtsverfahren zwischen DRRT-Rechtsanwalt Christian Wefers - als Musterkläger für über 100 DRRT Mandanten - und der HRE wurde nunmehr erfolgreich verglichen und schreibt damit Geschichte für Musterverfahren nach dem Kapitalanleger-Musterverfahrensgesetz (KapMuG). Dieser Vergleich folgt der vergleichsweisen Beendigung des Telekom-Musterverfahrens im Jahr 2021, welches das erste, große deutsche Kapitalanlegermusterverfahren war und seit 2001 lief.