DRRT's Global Loss Recovery Blog

Opting Out Of The Class: It May Be The Best Course Of Action

Posted by Jonathan Cohen on Aug 3, 2021 10:27:58 AM

To opt-out, that is the question. An opt-out action is when an investor chooses to remove itself as a class member of a securities class action suit with the intention of filing a direct action against the defendant. There are many reasons why it may be advantageous for an investor to proceed in this manner. As we have had an abundance of experience with direct action opt-outs, if the damages are large enough, this will likely be the best course of action for the institutional investor.

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Topics: U.S. Securities Class Actions, Class Action, litigation, institutional investor, claims, Opt-out

The Status of Whistleblowing Today: the Whistleblower Industry, Legal and Monetary Protections, and its Impact on Corporate Behavior and the Lives of Whistleblowers

Posted by Hanna Simonson & Lorena Kern on May 20, 2021 3:04:06 PM

Globally, whistleblowers are afforded greater protections today than ever before, but the threats that come along with unveiling corruption still prevent people from coming forward. The United States offers a great body of laws and protections for whistleblowers, more than any other country, and this is reflected in the number of whistleblower reports and also the amount of awards granted each year. EU member states, including Germany, are also implementing new protections for whistleblowers, but lag behind their American counterparts. Overall corporate governance guidelines and trends have had an effect on the whistleblowing industry as people are encouraged to come forward from inside any affected companies. However, although there is some progress in certain geographic locations, the world needs to encourage whistleblowers to come forward and report wrongdoing. The result will be a better and more sustainable world.

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Topics: Global Loss Recovery, institutional investor, whisteblowers, legal, SEC