{"id":651,"date":"2017-11-03T09:02:43","date_gmt":"2017-11-03T09:02:43","guid":{"rendered":"https:\/\/drrt.com\/news\/articles-publications\/"},"modified":"2025-11-13T12:51:21","modified_gmt":"2025-11-13T12:51:21","slug":"articles-publications","status":"publish","type":"page","link":"https:\/\/drrt.com\/de\/news\/articles-publications\/","title":{"rendered":"News, Articles & Publications"},"content":{"rendered":"

News, Articles & Publications<\/h3>\n

„Class actions“ in Germany \u2013 KapMuG 2.0: Reform of the KapMuG – light at the end of the tunnel?<\/a><\/h5>\n

After a heated debate, the new reform of the Capital Markets Model Case Act (Kapitalanleger- Musterverfahrensgesetz,<\/em>\u00a0KapMuG) has finally been passed by parliament and will soon come into force. In the reformed version of the law, which is now no longer time-limited, significant adjustments in the areas of suspension of proceedings and access to evidence point the way towards increased efficiency and the strengthening of the balance between the opportunities afforded to the parties involved in the proceedings (i.e., equality of arms).<\/p>\n

Agreement between 119 institutional investors and the company Vivendi SE<\/a><\/h5>\n

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.<\/p>\n

After 22 years of proceedings against Vivendi before American and French courts, the parties have reached an agreement that will put an end to the proceedings currently pending before the International Chamber of the Paris Court of Appeal.<\/p>\n

French law firm Hugo Avocats, assisted jointly by US law firms Grant & Eisenhofer PA, Kessler Topaz, Meltzer Check and DRRT, represented 87 of these 119 investors, based mainly in the United States, Germany, the UK and Sweden. The firms are delighted to have reached an agreement that puts a definitive end to this stock market case which lasted for more than twenty years.<\/p>\n

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Investors File Half Billion-Euro Claim Against ING Groep NV<\/a><\/h5>\n

On Wednesday, February 7, 2024, over 130 institutional shareholders served ING Groep NV (\u201cING\u201d) and certain former directors of ING with a writ of summons claiming over \u20ac600 million in damages caused by ING\u2019s failure to properly inform the market of material information relating to ING Bank N.V.\u2019s (\u201cING Bank\u201d) alleged corrupt practices and violation of anti-money laundering laws.\u00a0 This lawsuit follows the \u20ac775 million fine ING paid to the Netherlands Public Prosecution Service (Openbaar Ministerie)<\/em>\u00a0(the \u201cNPPS\u201d) in 2018 for violations of anti-money laundering laws.<\/span><\/p>\n

Top Non-North American Settlements 2022<\/a><\/h5>\n

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.<\/p>\n

DRRT successfully ends 13-year legal dispute for investors in Hypo Real Estate Holding GmbH (HRE) with historic settlement<\/a><\/h5>\n

The court proceedings pending since January 2009 between DRRT attorney Christian Wefers \u2013 as model plaintiff for more than 100 DRRT clients \u2013 and HRE have now been successfully settled, making history for model proceedings under the German Capital Markets Model Case Act (KapMuG). This settlement follows the settlement of the Telekom model proceedings in 2021, which were the first major German Capital Markets model proceedings and had been ongoing since 2001.<\/p>\n

DRRT’s Global Investor Loss Recovery Conference Mentioned in The D&O Diary<\/span><\/a><\/h5>\n<\/div>\n<\/div>\n

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\u00a0The D&O Diary. Mr. LaCroix posted a blog post highlighting his time in Germany. We invite you to visit\u00a0The D&O Diary<\/a>.<\/p>\n

Steinhoff Settlement Approved by Western Cape High Court in South Africa<\/h5>\n

January 24, 2022 – DRRT, as part of the Stichting Steinhoff International Compensation Claims (SSICC) <\/strong>is proud to announce that The Western Cape High Court in South Africa granted an Order approving and sanctioning the S155 Proposal.\u00a0 As such, all conditions for the Settlement to become effective have now occurred.\u00a0 Following receipt of the Order, we expect the Settlement Effective Date to occur on or around February 15, 2022.<\/p>\n

Steinhoff Settlement Agreement Reached<\/strong><\/h5>\n

March 15, 2021 – DRRT, as part of the Stichting Steinhoff International Compensation Claims (SSICC)<\/strong>, along with several other claimant groups, (SSICC, together with the other claimant groups and their participants are hereafter referred to as\u00a0Active Claimants<\/strong>) have reached a tentative global settlement of its claims with the boards of directors of Steinhoff International Holdings Proprietary Limited (SIHPL) and Steinhoff International Holdings N.V.\u00a0(SIHNV)<\/strong>.<\/p>\n

Final Filing in the Securities Action Against Danske Bank<\/a><\/h5>\n

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 (\u20ac144 million\/$169 million) the total amount of the DRRT\/G&E group of claims comes to DKK 6.786 billion (\u20ac912 million\/$1.071 billion) and the number of claimants to 303. The cases were filed in the Copenhagen City Court.<\/p>\n

Final Filing in the Securities Action Against Danske Bank<\/p>\n

Click here<\/a>\u00a0to also view the article on Reuters.<\/p>\n

How a unicorn fell: Wirecard<\/a><\/h5>\n

German payments group Wirecard was once seen as Europe\u2019s most exciting fintech company. Now it\u2019s at the center of one of the biggest financial scandals frauds in the country\u2019s history. CNBC\u2019s Tom Chitty explains. Video in the link<\/a>.<\/p>\n

Joseph Gulino speaks at the\u00a0Sovereign Wealth Fund Institute\u2019s 2020 Institute Fund Summit in Austin, TX<\/span><\/a><\/h5>\n

The panel, \u201cCorporate Governance and Shareholder Engagement\u201d 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.<\/p>\n

DRRT contributes to the World Bank Group’s report\u00a0Doing Business 2020<\/em><\/a><\/h5>\n

Year after year DRRT is proud to contribute to the World Bank Group\u2019s Doing Business<\/em> report. In 2019 DRRT contributed towards the Doing Business 2020<\/em> flagship publication which is the 17th<\/sup> in a series of annual studies measuring the regulations that enhance business activity and those that constrain it.<\/p>\n

Feel free to access the publication by clicking on the link of this article.<\/p>\n

DRRT\u2019s Managing Partner Speaks in Brazil on Investor Protection Opportunities in Brazil and Around the World<\/a><\/h5>\n

DRRT\u2019s 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. See more…<\/a><\/p>\n

DRRT Files Initial Claim Against Kobe Steel Ltd in Tokyo Claiming over \u00a55 billion<\/a><\/strong><\/h5>\n

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 \u00a55 billion in damages.<\/p>\n

DRRT – CACEIS\u00a0Securities Class Action Partnership\u00a0<\/a><\/h5>\n

DRRT has been working with the large French asset servicing company CACEIS to provide its clients with a comprehensive loss recovery solution.<\/p>\n

Danske Bank investors seek $475 million in damages over money laundering scandal<\/a><\/h5>\n

COPENHAGEN (Reuters) – Grant & Eisenhofer P.A. and DRRT filed the lawsuit in Copenhagen on behalf of investors from 19 countries, asserting \u201cfraud claims stemming from a massive Russian money-laundering scheme and multi-year cover-up by Denmark\u2019s largest bank and its senior leadership.\u201d<\/p>\n

Autokonzerne sahen Dieselkrise kommen \u2013 \u201eOhne Beschei\u00dfen werden wir es nicht schaffen\u201c<\/a><\/h5>\n

Schon vor Jahren haben Audi, BMW und Daimler die Diskussion \u00fcber Dieselfahrverbote vorausgeahnt. Nun bereitet die EU-Wettbewerbsbeh\u00f6rde die Rechnung vor.<\/p>\n

Danske Bank facing \u20ac1bn damages lawsuit filed by 70 investors<\/a><\/h5>\n

A group of institutional investors are close to filing a lawsuit\u00a0against scandal-hit Danske Bank\u00a0<\/a>over losses related to allegations of money laundering involving the lender, The Daily Telegraph has learnt.<\/p>\n

Steinhoff Scandal: South African and International Investors Join Forces in South African \u201cPeople\u2019s Class Action\u201d<\/a><\/h5>\n

Press release \u2013 Johannesburg, South Africa – November 7, 2018 –\u00a0Following several investor conferences and personal meetings during last week in Cape Town and Johannesburg, hundreds of additional retail and large institutional investors have registered with the International Steinhoff Litigation Group (ISLG) and expressed their support of the South African class action against Steinhoff International Holdings N.V., its directors, auditors and banks.<\/p>\n

Class action firm reveals Steinhoff litigation road map<\/a><\/h5>\n

Zain Lundell, conference attorney, LHL Attorneys, and\u00a0Alexander Reus, managing partner at DRRT, speak to the Classic Business Breakfast about the importance of these conferences. Articles and radio interview in the link.<\/p>\n

Dutch Court Declares Largest-Ever European Investor Claims Settlement Binding<\/a><\/h5>\n

On July 13, 2018, the Amsterdam Court of Appeals finally approved the \u20ac1.3 billion ($1.5 billion) settlement of a series of shareholder claims against Fortis in the wake of the global financial crisis.<\/p>\n

DRRT Announces Ageas\/Fortis Settlement Declared Binding<\/a><\/h5>\n

Press release \u2013 Amsterdam, Netherlands \u2013 July, 17, 2018 –\u00a0Largest Court-Approved Settlement in European Securities Case declared binding and will pay investors \u20ac1.3 billion.<\/p>\n

Grant & Eisenhofer Announces Fortis Investors to Receive $1.5 Billion in Largest Court-Approved Settlement in European Securities Case<\/a><\/h5>\n

Insurance company Ageas (f\/k\/a Fortis) to pay foundation representing 180+ institutional investors from U.S. and Europe; claims stemmed from Fortis‘ 2007 acquisition of ABN Amro bank; U.S. law firm Grant & Eisenhofer represents pension plans and other investors operating as SICAF in milestone settlement.<\/p>\n

Fortis settlement declared binding<\/a><\/h5>\n

Press Release \u2013 Brussels \u2013 July, 13, 2018 –\u00a0Today the Amsterdam Court of Appeal declared the Fortis settlement entered into between Ageas, Stichting FORsettlement and the claimant organisations (i.e. Vereniging van Effectenbezitters, Deminor, Stichting Investor Claims Against Fortis (SICAF) and Stichting FortisEffect) binding.<\/p>\n

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Has the Rise of Collective Investor Actions in Europe Led to Forum Shopping?<\/a><\/h5>\n

By Kevin LaCroix on Oct 26, 2017 \u2013 As I have previously noted on this blog (most recently here), one of the most significant recent developments in the D&O claims arena has been the global rise of collective investor actions. One factor in this development in Europe has been the non-binding 2013 Collective Redress Recommendation, in which the European Commission recommended that each \u2026<\/p>\n

DRRT files US$500 million lawsuit against Toshiba<\/h5>\n

Press Release (ePRNews.com) \u2013 MIAMI \u2013 Apr 03, 2017 \u2013 Miami-based international law firm DRRT, (www.drrt.com), announces the filing of the second complaint against Toshiba Corporation (6502.T) by Tokyo-based boutique law firm Koga & Partners (www.kogapartnerslaw.com) on behalf of 100 institutional investors. The total group of investors represented by Koga now consists of 150 institutional investors from around the world, including Japan, with collective damage claims of over US $500 million stemming from Toshiba’s accounting fraud, first disclosed on April 3, 2015 \u2026<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

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