Institutional Investor Class Action Recovery
Filing Claims:
- Identify all settlements where institutional investors have a claim in securities and antitrust class actions
- File proof of claims forms in hundreds of class action settlements
- Expertise working and negotiating with settlement claims administrators
- Respond to audits from claims administrators by providing necessary documentation
- Oversee fund distribution in a manner consistent with the SEC’s Custody Rule
- Ensure that distributions received are proportionate to recognized losses
- Ensure that the release that accompanies the settlement is no broader than it has to be
- Recovered over $200 million in the Petrobas securities litigation
Evaluating Opt-outs:
- Independently review opt-out proposals sent by plaintiff’s firms and litigation funders and provide an analysis on the merits of the claim
- Ensure Mutual trustees and fund directors are fulfilling the fiduciary duties by fully evaluating litigation opportunities and risks
Foreign Actions:
- Monitor securities fraud cases and advising on whether, when and how to participate in foreign actions
- Make recommendations about whether to participate in securities litigations in Australia, Brazil, Denmark, France, Germany, Italy, Japan, the Netherlands, Taiwan, and the United Kingdom
Case Study
Mintz obtained over $100 million in recoveries for BP investor clients from a $525 million SEC Fair Fund established for Deepwater Horizon Oil Spill compensation. Recoveries for Mintz clients equaled 100% of their allowed losses.
Case Study
Mintz obtained over $410 million in judgments for institutional clients in the Household International securities litigation settlement. The court and claims administrator did not deny a single claim from a Mintz client.