DRRT's Global Loss Recovery Blog

Agreement between 119 institutional investors and the company Vivendi SE

Posted by DRRT Client Relations on Jul 1, 2024 9:00:00 AM

119 institutional investors, accused the French company Vivendi of having disseminated false or misleading information between 2000 and 2002, thereby causing them an important stock market damage.

Read More

Topics: Settlement, Settlements, shareholder protection

DRRT Supports Boys & Girls Clubs of Miami-Dade

Posted by DRRT Client Relations on Jun 11, 2024 1:57:34 PM

As part of DRRT's continued support for the Boys & Girls Clubs of Miami-Dade, DRRT recently participated in the 13th Annual Claws For Kids event. 

Read More

Topics: corporate social responsability, corporate social responsibility

Positive Developments in Germany

Posted by DRRT Client Relations on May 10, 2024 12:50:28 PM

The enactment of the German Capital Markets Model Case Act (Kapitalanleger-Musterverfahrensgesetz – KapMuG) in 2005 was intended to make it easier for shareholders and investors to bring claims based on false, misleading, or omitted public information by publicly traded companies. In the nearly twenty years since its inception, only a handful of cases in Germany have concluded for the benefit of investors, mainly the historic Deutsche Telekom and Hypo Real Estate settlements in which DRRT player a major role. The Court’s open interpretation of the requirements to prove standing has increased the complexity and time horizon of cases. However, recent developments allow investors to gain confidence in the German system. 

Read More

Topics: institutional investor, germany, legal, hypo real estate

Investors File Half Billion-Euro Claim Against ING Groep NV

Posted by DRRT Client Relations on Feb 7, 2024 6:03:09 PM

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.

Read More

Topics: Global Loss Recovery, shareholders, protection, netherlands

DRRT Participates on Investment & Pensions Europe Webcast

Posted by Andres Cuyun on Dec 6, 2023 11:43:29 AM

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. 

Read More

DRRT Contributes to Investment & Pensions Europe Class Action Guide.

Posted by Andres Cuyun on Dec 5, 2023 10:43:20 AM

DRRT is delighted to contribute to Investment & Pensions Europe's "Class Actions: A Guide for Pension Funds and Asset Managers". 

Read More

Funds’ Loss Recovery Disclosures Amid SEC Changes

Posted by Faris Ashouri on Dec 1, 2022 9:16:42 AM

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).

Read More

DRRT's Managing Partner, Joseph Gulino was a speaker at the Improve in Bergamo

Posted by Andres Cuyun on Nov 29, 2022 3:28:53 PM

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. 

Read More

Topics: classaction

DRRT Launches Update to its Global Investor Protection System (GPS)

Posted by DRRT Client Relations on Nov 18, 2022 7:00:00 AM

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.

Read More

Top Non-North American Settlements 2022

Posted by Andres Cuyun on Nov 7, 2022 5:41:57 PM

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. 

Read More

Topics: Settlement, Claims Filing