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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 Schiffrin
Barroway Topaz & Kessler, 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.
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Independent
Counsel
