News, Articles & Publications
Final Filing in the Securities Action Against Danske Bank
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.
Click here to also view the article on Reuters.
How a unicorn fell: Wirecard
German payments group Wirecard was once seen as Europe’s most exciting fintech company. Now it’s at the center of one of the biggest financial scandals frauds in the country’s history. CNBC’s Tom Chitty explains. Video in the link.
JBS Securities Arbitration in Brazil
On Thursday, March 12th, 2020, DRRT along with Brazilian co-counsel, Finkelstein Advogados, requested mandatory arbitration under the auspices of the Market Arbitration Chamber (“MAC”) of the B3, against JBS S.A. and other defendants (“JBS”) on behalf of ninety-five institutional shareholders seeking over BRL 1.4 billion ($280 mio) in compensation for damages caused by JBS’s illegal activities over the past decade.
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.
DRRT contributes to the World Bank Group’s report Doing Business 2020
Year after year DRRT is proud to contribute to the World Bank Group’s Doing Business report. In 2019 DRRT contributed towards the Doing Business 2020 flagship publication which is the 17th in a series of annual studies measuring the regulations that enhance business activity and those that constrain it.
Feel free to access the publication by clicking on the link of this article.
DRRT’s Managing Partner Speaks in Brazil on Investor Protection Opportunities in Brazil and Around the World
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. See more…
DRRT Files Initial Claim Against Kobe Steel Ltd in Tokyo Claiming over ¥5 billion
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.
DRRT – CACEIS Securities Class Action Partnership
DRRT has been working with the large French asset servicing company CACEIS to provide its clients with a comprehensive loss recovery solution.
Danske Bank investors seek $475 million in damages over money laundering scandal
COPENHAGEN (Reuters) – Grant & Eisenhofer P.A. and DRRT filed the lawsuit in Copenhagen on behalf of investors from 19 countries, asserting “fraud claims stemming from a massive Russian money-laundering scheme and multi-year cover-up by Denmark’s largest bank and its senior leadership.”
Autokonzerne sahen Dieselkrise kommen – „Ohne Bescheißen werden wir es nicht schaffen“
Schon vor Jahren haben Audi, BMW und Daimler die Diskussion über Dieselfahrverbote vorausgeahnt. Nun bereitet die EU-Wettbewerbsbehörde die Rechnung vor.
Danske Bank facing €1bn damages lawsuit filed by 70 investors
A group of institutional investors are close to filing a lawsuit against scandal-hit Danske Bank over losses related to allegations of money laundering involving the lender, The Daily Telegraph has learnt.
Steinhoff Scandal: South African and International Investors Join Forces in South African “People’s Class Action”
Press release – Johannesburg, South Africa – November 7, 2018 – Following 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.
Class action firm reveals Steinhoff litigation road map
Zain Lundell, conference attorney, LHL Attorneys, and Alexander Reus, managing partner at DRRT, speak to the Classic Business Breakfast about the importance of these conferences. Articles and radio interview in the link.
For more news on Steinhoff litigation click here
Dutch Court Declares Largest-Ever European Investor Claims Settlement Binding
On July 13, 2018, the Amsterdam Court of Appeals finally approved the €1.3 billion ($1.5 billion) settlement of a series of shareholder claims against Fortis in the wake of the global financial crisis.
DRRT Announces Ageas/Fortis Settlement Declared Binding
Press release – Amsterdam, Netherlands – July, 17, 2018 – Largest Court-Approved Settlement in European Securities Case declared binding and will pay investors €1.3 billion.
Grant & Eisenhofer Announces Fortis Investors to Receive $1.5 Billion in Largest Court-Approved Settlement in European Securities Case
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.
Fortis settlement declared binding
Press Release – Brussels – July, 13, 2018 – Today 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.
Has the Rise of Collective Investor Actions in Europe Led to Forum Shopping?
By Kevin LaCroix on Oct 26, 2017 – 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 …
DRRT files US$500 million lawsuit against Toshiba
Press Release (ePRNews.com) – MIAMI – Apr 03, 2017 – 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 …