DRRT's Global Loss Recovery Blog

DRRT's Global Investor Loss Recovery Conference Mentioned in The D&O Diary

Posted by DRRT Client Relations on May 17, 2022 5:23:54 PM

DRRT was delighted to host its 12th Annual Global Investor Loss Recovery Conference in Frankfurt on May 12 and 13. Among the speakers, we were honored to have Mr. Kevin LaCroix, author of the popular The D&O Diary. Mr. LaCroix posted a blog post highlighting his time in Germany. We invite you to visit The D&O Diary

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Topics: Global Loss Recovery, Class Action, conference, corporate governance

DRRT is Delighted to Announce Creation of The Future Lawyers Scholarship with The Miami Foundation

Posted by Joseph Schults on Mar 10, 2022 7:51:44 AM

 

DRRT proudly supports the education and wellbeing of future generations in their pursuit of personal success. DRRT is passionate about educating students to ensure a bright future for our communities throughout South Florida, across this country and abroad. DRRT has a long and proud history of community involvement, providing for charitable causes, and engaging in philanthropic activities.

Leading by example, DRRT is proud to announce it has created The Future Lawyers Scholarship with The Miami Foundation. Through this program, DRRT will provide funds to help students gain access to higher education. DRRT firmly attests that increasing young people’s educational attainment is a critical factor for Greater Miami’s growth.

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Topics: Global Loss Recovery, corporate social responsability, CSR, lawyers, scholarship, The Miami Foundation

DRRT Continues to Expand Its Global Reach With Action Against Abengoa

Posted by Faris Ashouri on Nov 8, 2021 9:00:00 AM

DRRT continues its forward momentum by adding Spain to the extensive list of countries in which it operates via involvement in the ongoing criminal proceedings against Abengoa seeking recovery for losses arising out of the company’s accounting fraud and manipulation.

As a result of Abengoa’s blatant accounting manipulation, in January 2017 the Spanish firm IUS + AEQUITAS, a member of the Diaz, Reus & Targ (DRT) International Law Firm & Alliance, filed a criminal complaint on behalf of hundreds of affected investors seeking losses against Abengoa and others including its former president, CEO,and auditor Deloitte. DRRT is working directly with IUS + AEQUITAS to add affected investors to the criminal proceeding during the current investigation phase on a risk-free, “no win, no fee” basis.

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Topics: Global Loss Recovery, complaint, corporategovernance, corporate governance, institutional investor, lawsuit, legal

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

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

2018 Claims Filing Recap

Posted by Andres Cuyun on Jan 23, 2019 5:32:57 PM

As we have just entered 2019, we here at DRRT would like to provide a quick overview of the trends we noticed in our work as a claims filing provider during 2018. This year had major developments, and we are still waiting to see how this will play out in terms of recoveries for many of the cases. However, the increase in Australian actions, the complexities of the antitrust settlements such as FX and LIBOR, and the evolution of new jurisdictions prove that having a robust claims filing provider, with an extensive legal background, can make a major difference in terms of maximizing recoveries and ensuring all opportunities are explored.

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Topics: Global Loss Recovery, U.S. Securities Class Actions, Claims Filing, Settlements, LIBOR, australia, Antitrust, FX

New “Class Action” Law in Germany. A Critical Outlook

Posted by Erick Stern on Oct 3, 2018 5:24:06 PM

When on March 14, 2018, after almost 6 months without a government, the two biggest parties in Germany signed their coalition agreement (“Koalitionsvertrag”) and formed the 24th and current government of the Federal Republic of Germany (“Bundesregierung”). Most people paid little attention to a half-page proposal buried on page 124. According to the proposal, the new government would be committed to establishing a class action system in Germany. On May 9, 2018, and with the biggest scandal in German automobile history still fresh in everyone’s mind, the federal government met to discuss a draft proposal leading to a definite law on November 1, a particularly sensitive deadline, seeing as most claims against Volkswagen based on the Dieselgate scandal will expire on December 31, 2018. On June 14, Parliament approved the proposal after very little debate and news agencies have been booming ever since with stories and explanations about the proposed class action system. Sadly, for those familiar with the U.S. model, the current developments from Germany will prove greatly disappointing.

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Topics: Global Loss Recovery, Class Action

Collective Redress in Switzerland: Hopes for Consumers but, any Hopes for Investors?

Posted by Erick Stern on Oct 3, 2018 5:23:56 PM

Switzerland as a venue for collective redress litigation:

Although not a member of the European Union, thanks to a series of treaties, Switzerland is a member of the European Single Market, participating in its free movement of goods, services and capital. Additionally, because of the Lugano Convention of 2007, Switzerland also forms part of what could be called a “Single Legal Area” in which court decisions are mutually recognized and executed without need of any special procedure. This frictionless interaction between Switzerland and the rest of the EU, combined with the world-renowned Swiss efficiency and discretion, has made the country a great venue for litigation, especially as regards to civil and commercial arbitration.

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Topics: Global Loss Recovery, Class Action