DRRT's Global Loss Recovery Blog

Final Filing in the Securities Action Against Danske Bank

Posted by Andres Cuyun on Sep 22, 2020 10:03:02 AM

Copenhagen, Denmark: On Monday, September 21, 2020, Danish boutique litigation firm KLAR Advokater filed a fifth and final round of complaints against Danske Bank A/S for damages on behalf of 55 institutional investors clients of DRRT and Grant & Eisenhofer. With this additional round of claims totaling over DKK 1.071 billion (€144 million/$169 million) the total amount of the DRRT/G&E group of claims comes to DKK 6.786 billion (€912 million/$1.071 billion) and the number of claimants to 303. The cases were filed in the Copenhagen City Court.

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Topics: litigation, shareholders, investors, danskebank, claims, lawsuit

DRRT Supports the Boys & Girls Clubs of Miami During COVID-19 Pandemic

Posted by DRRT Client Relations on Apr 28, 2020 4:43:48 PM

In another example of DRRT's commitment and support of our local community in the challenging times surrounding the COVID-19 pandemic, DRRT made a financial contribution of the Boys and Girls Clubs of Miami-Dade in late April 2020. The contribution will allow The Boys and Girls Clubs of Miami-Dade to continue serving the younger citizens of our community during these challenging times.

DRRT will continue to support our local community and we thank our clients who make this possible.

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Topics: corporate social responsibility, COVID-19, Support, Community

DRRT Supports Efforts of Lotus House in Miami During COVID-19 Pandemic

Posted by DRRT Client Relations on Apr 24, 2020 11:11:57 AM

DRRT is committed in supporting our local community in the challenging times surrounding the COVID-19 pandemic. DRRT is proud to support the efforts of the Lotus House in providing shelter for women, youth, and children. DRRT’s donations served to stock up on supplies, additional staff, and an increased number of meals served as the shelter in place order was issued.

DRRT will continue to support our local community and we thank our clients who make this possible. 

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Topics: corporate social responsibility, COVID-19, Support, Community

Joseph Gulino speaks at the Sovereign Wealth Fund Institute’s 2020 Institute Fund Summit in Austin, TX

Posted by Andres Cuyun on Feb 20, 2020 2:35:23 PM

DRRT’s Assistant Managing Partner, Joseph Gulino had the pleasure of speaking at the Sovereign Wealth Fund Institute’s 2020 Institute Fund Summit in Austin, TX. The panel, “Corporate Governance and Shareholder Engagement” discussed some of the corporate governance measures that institutional investors have at their disposal as well as the importance of litigation as a means of shareholder engagement. 

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Topics: Class Action, shareholders, swfi, stewardship, corporategovernance, ESG, compliance, litigation funding

Netherlands – New WCAM on the Horizon - Is this the advent of “true” class actions in Europe?

Posted by Angela Reategui on Dec 20, 2019 1:17:27 PM

As 2019 comes to an end, we are looking forward to the New Year with legal developments in the securities litigation world. As part of our ongoing commitment to be the leaders in covering global developments of interest for our institutional clients, we would like to highlight the new Dutch Act on Collective Damages Claims (Wet Afwikkeling Massaschade in Collectieve Actie; short: WAMCA). The WAMCA will finally enter into force on January 1, 2020 and complement the preexisting act on collective settlements of mass claims (WCAM). The WAMCA will cover collective damages actions for claims resulting from conduct that took place after November 15, 2016, the date that the legislative proposal was submitted to the Dutch Parliament. After various amendments, the WAMCA was finally approved in March 2019.

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Topics: law, shareholders, newsletter, WAMCA, investors, netherlands, dutch

DRRT speaks at the ICGN Miami 2019

Posted by Andres Cuyun on Oct 23, 2019 2:13:19 PM

DRRT successfully hosted the panel regarding Shareholder Protection through Loss Recovery Litigation at the International Corporate Governance Network Miami on October 16, 2019. 

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Topics: litigation, shareholders, shareholder protection, conference, ICGN, loss recovery

DRRT’s Managing Partner Speaks in Brazil on Investor Protection Opportunities in Brazil and Around the World

Posted by DRRT Client Relations on Aug 30, 2019 11:22:33 AM

DRRT’s Managing Partner, Alexander Reus, was invited to speak at the 17th Brazilian Congress of International Law and at The Center for Arbitration and Mediation of the Chamber of Commerce Brazil-Canada for presentations regarding investor protection in Brazil and around the world. He participated, along with Mr. Claudio Finkelstein and others, on a panel named “Shareholder Loss recovery: Arbitration vs. Litigation? Quo vadis?”.

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Topics: Arbitration, Brazil, law, shareholders

DRRT Files Initial Claim Against Kobe Steel Ltd in Tokyo Claiming over ¥5 billion.

Posted by DRRT Client Relations on Jul 3, 2019 3:04:17 PM

On Thursday, June 20, 2019, DRRT, along with its local counsel Koga & Partners, successfully filed the first complaint against Kobe Steel, Ltd in Tokyo District Court, claiming over ¥5 billion in damages. Kobe Steel is Japan’s third largest steelmaker, as well as a major supplier of aluminum, copper and other products around the world.

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Topics: Global Loss Recovery, Kobe, litigation, complaint, steel, japan

Italian Class Action Law Passed

Posted by Joseph Gulino on May 13, 2019 12:29:04 PM

On Wednesday, April 3, the Italian parliament passed a long-awaited class action law with broad application.  The road to the creation of this law has taken many years, and it will not be fully in force until next year.  While this is a welcome development for institutional investors in publicly traded companies, it could be significant amount of time before we see any real case develop, particularly relating to securities claims, as the law only apply to events taking place after the entry in force.

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Topics: Class Action, Italy

US Supreme Court’s 2018 Decision in Cyan v. Beaver County Employees Retirement Fund

Posted by Ryan Drum on Jan 23, 2019 5:33:08 PM

The most important statutes in US securities cases are the Securities Act of 1933 (the ’33 Act) and the Securities Exchange Act of 1934 (the ’34 Act). Whereas the ’33 Act regulates issuers making an initial public offering (IPO), the ’34 Act regulates the secondary market. Thus, largely due to trade volume and investor exposure, the ’34 Act in many respects has much greater reach than the ’33 Act.

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Topics: U.S. Securities Class Actions, Class Action