All litigation articles – Page 2
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Special Report
Managing risk in securities class actions
Securities class actions (SCA) are a form of collective redress. Shareholders seek compensation for losses suffered as a result of some form of corporate misconduct. They rely upon free market forces, its rules, regulations and factors affecting market price. For professional shareholders such as institutional investors, it is best to look upon any involvement with SCAs as another form of investment yielding a potentially, significant return in future. The duties of any institutional investor – whether as a fiduciary or otherwise – is to focus on what is in the best interests of the fund and its beneficiaries. It does not require the expenditure of more money (or the value of management time) than is likely to be received. What is necessary is the consideration of the issues and the management of risks.
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Special Report
Building a class action toolbox for investors
As class actions have started to play an increasingly important role in good governance for UK and European pensions funds, the need to establish best practice in the field is growing.
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Special Report
AP7 notches up legal success against Kraft Heinz
In May 2023, Sweden’s AP7 fund recorded a significant victory for Swedish and other investors when US food giant Kraft Heinz agreed to settle a class action lawsuit for $450m (€421m).
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News
NBIM wins bitter employment case, despite judge’s criticism
Former trading analytics chief Elisabeth Bull Daae given fortnight to pay Norwegian SWF’s NOK1.9m (€165,000) costs
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News
Norway’s SWF seeks role as lead litigator in US class action against SVB
‘Gains from lawsuits definitely outweigh costs,’ says NBIM’s governance chief
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News
Tangen defends higher pay for investment staff in unfair dismissal case
CEO of Norwegian SWF manager takes witness stand in Oslo court
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News
AP7 sues US gaming firm and Microsoft over planned merger
Swedish pensions giant alleges bid process not done correctly, disadvantaging Activision shareholders
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News
Nordic, English pension funds take VW to court over lobbying silence
Swedish national pension funds, Denmark’s AkademikerPension and Church of England Pensions take legal action against carmaker to ‘clarify grey area for corporate law in Germany‘
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News
The future of net zero: banks rethink climate commitments
GFANZ is not the only body trying to calm down spooked investor
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News
Swedish Pensions Agency sues UBS unit for $42m
Authority files lawsuit against UBS Third Party Management to recoup losses for savers on premium pension marketplace
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News
Tyne and Wear pension fund shares in $62.5m class action payout
Preliminary approval given to settlement with Chilean mining company
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News
Finland’s FSA imposes agent on Elo despite objection
Pension insurer’s CEO says steps already taken to shore up skills
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News
Australian pension fund settles climate change-related lawsuit
UK-based lawyers say pension funds there should also take note
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News
Alphabet sexual harassment settlement ‘great’, says lead plaintiff AP7
Swedish pension fund led one of several successful lawsuits against the California tech giant, Google’s parent company
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News
KLP sues Danske Bank after scandal deals €12m blow to shareholding
Norwegian fund’s RI chief explains reasons for joining one of the class actions
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News
US pension fund sues Willis Towers Watson over merger
Massachusetts-based scheme claims Towers Watson shareholders were misled
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News
AP7: Facebook climbdown over stock dispute saved investors $10bn
Reclassification of stock would have created terrible governance scheme, says CEO
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News
Nortel UK scheme to receive £1bn after 'groundbreaking' legal win
Pension scheme weeks away from first tranche after eight-year battle
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