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.
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.
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
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.
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.
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.
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 …
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 …