The landscape of global shareholder litigation is changing rapidly. Since 2010, when the US Supreme Court ruled in Morrison vs National Australian Bank that securities traded outside the US are not within US jurisdiction, many international investors have effectively been barred from filing US class actions. As a result, many cases of fraud are being pushed overseas, with more lawsuits being filed in more countries, involving more lawyers and more diverse funding sources. This increasingly complex landscape requires financial institutions to take a more holistic view of their approach to global shareholder litigation. Legacy systems and manual processes can't keep pace with the rapidly evolving litigation landscape and aren't able to handle today's data and administrative requirements. Rob Adler, CEO of Financial Recovery Technologies (FRT), will discuss the trends he sees on the horizon both globally and in the Asia Pacific region in the context of investment management, global custody and good corporate governance.
Financial Recovery Technologies:
Financial Recovery Technologies (FRT), based in the US and with a growing presence in Europe and Asia Pacific, helps financial services firms navigate the recovery process and maximize recoveries under class action settlements across global markets in a comprehensive and efficient way.
FRT was established ten years ago with the idea that through technology and singular focus, the firm could build a better process for recovering funds for shareholders. Now with over 100 employees and a roster of some 800 clients including leading global and regional banks, sovereign wealth funds, hedge funds, broker-dealers, insurance companies, wealth managers and global custodians, FRT has become the leading shareholder class action monitoring and recovery provider, recovering over one billion dollars to date for their clients. These recoveries not only improve returns but also demonstrate a superior focus on good governance. For more information see https://frtservices.com/
First 15-20 minutes is for networking
Sandwiches and beverages included
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