The money grabbers

Robins, Jon
June 2005
Lawyer;6/13/2005, Vol. 19 Issue 23, p18
Trade Publication
The article states that several European-based shareholders failed to pick up in the region of $2.4 billion in 2004 from securities class action lawsuit settlements in the United States, which rightly belonged to them. It is a staggering amount to be left on the table, apparently lying there for the taking. While the author believes that $2.4 billion is a lot of money, Thomas Vita, who leads law firm Norton Rose's U.S. corporate finance group, believes that the sum should be seen in context. Typically, securities class actions settle for a fraction of the damages in the U.S.


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