Newsletter

US Securities Tracker Program

Recovering damages for Institutional Investors

WINHELLER Attorneys at Law help European institutional investors recover their damages resulting from stock price losses due to fraudulent behavior in publicly traded companies. Together with our partner, the renowned US law firm Barroway Topaz Kessler Meltzer Check, LLP, we continually monitor and review portfolios of European institutional investors for potential claims suitable for securities class actions in the US.

European Institutional Investors are Eligible to Receive their Share

In cases where a securities class action is pending in the US which affects your investments, we advise you on how to best participate in that particular class action in order to recover as much as possible of your losses. One way to participate in a US securities class action is to file a claim form once a settlement agreement has been reached with the defendant. It is important to note that not only investors located in the US are eligible to file claim forms. European investors, too, can be lawful recipients of such settlement monies.

Billions of Dollars are left on the Table Every Year

Eligible recipients must claim their damages in a formal way and in a timely manner if they want to be considered for the distribution of the settlement monies. Over 70(!) percent of eligible institutional investors fail to file settlement claims. Thus, billions of dollars remain unclaimed every year even though the costs of filing a claim are minimal. If the claims are not filed in a timely manner, the money goes to the other investors which submitted their claim forms in time. Not to participate in securities class actions can therefore result in considerable liabilities for institutional investors. It is common sense in the US that institutions have a fiduciary duty to their beneficiaries to recover funds in a securities class action settlement. Not surprisingly, the same is also true for European institutional investors towards their beneficiaries.

Our Securities Tracker Program: Free of Charge for Institutional Investors

Since most institutions do not have internal staff members in charge of monitoring securities class actions, many institutions simply rely on their custodial banks when it comes to settlement and claim form information. Unfortunately, the custodial banks are rarely incentivized to properly monitor the institutions´ claims which probably is the reason for the large amounts of unclaimed dollars every year.

The institutions' potential liabilities are too great to forego any damages without good cause. In close cooperation with our US partner firm and with the investors´ custodial banks, we therefore offer European institutional investors a full-service monitoring solution relieving our institutional clients from all liability risks they would otherwise face. We closely supervise your portfolio with our very special and automated monitoring program called “Securities Tracker” and keep you up-to-date with respect to any claims you are entitled to. We will inform you about which actions to take and about the best way to recover your losses. If appropriate we will also represent you in securities class actions as a so called lead plaintiff which allows your institution to actively participate in the litigation process.

As is customary in the US, our US partner law firm works on a contingency fee basis which means that they will get paid only if they reach a successful outcome for the investor. This way we make sure that we can offer our expert legal services to our clients absolutely free of charge.

For more in-depth information on our securities tracker program please refer to our flyer. Additional information on US securities class actions in general you can find here. For your information we also offer a list of all current US securities class actions