Institutional investors have moved beyond traditional securities litigation efforts to focus on damages from antitrust violations and non-U.S. jurisdictions, according to research from Financial Recovery Technologies (“FRT”), a leading securities class action recovery services provider.
2016 Year-In-Review Research Highlights
- There was a record number of global opt-in actions filed in 2016, with 43 new actions in nine different jurisdictions; nearly a 56% increase year-over-year
- Marked by the $1.2 billion Fortis settlement in March of 2016, Dutch Foundations have emerged as a mechanism to resolve pan-European matters, including Volkswagen, Petrobras and FOREX
- Cost and complexity are still the determining factors for institutions’ involvement in global litigation, leading to rapid increases in activity in “no-risk” jurisdictions like Australia, that reflect U.S. claims filing
