Sentences with phrase «fund shareholder claims»
«We haven't funded a shareholder case for a couple of years now, so we are very strict on the view that we are only going to fund shareholder claims where we believe the conduct has been egregious.
https://www.smh.com.au/ Not exact matches
Then, during the 1980s, a group of funds (leveraged buyout funds) sprouted up claiming that this sort of governance deprived shareholders of the full economic value of the business they had invested in.
Litigation funder IMF is calling for aggrieved shareholders to sign up for a possible court action against Treasury Wine Estates, the owner of a portfolio of leading and iconic wine brands such as Penfolds, Wolf Blass and Lindemans, claiming «deceptive and misleading conduct» over disclosures around its troubled US business.
(Posted 24 December 2011) Significant current scandals, and those yet to come In no particular order Top salaries and bonuses - boardroom and shareholder individual responsibility The multiple between top and average pay Lawyers fees - the cost of the legal process Medical negligence claims against the NHS Care and treatment in the NHS «No win, no fee» personal injury compensation Democracy and the voting system Lords reform Political party funding The domestic energy market and pricing The Tax system and its inefficiencies and complexities Subsidies for new energy generation schemes The amount of crime fuelled by Drugs The availability of drugs in prison.
The authors seek to address the questions posed by «critics and regulators» about the benefits of hedge fund activism to shareholders and the claim that hedge fund activists «destroy value by distracting managers from long - term projects.»
If a fund has more than 50 % of its assets invested in foreign securities, the fund may elect to pass through this foreign tax expense to its shareholders, giving them the opportunity to claim either a foreign tax credit or a deduction.
Shareholders do not directly own or have any direct claim to the underlying investments in the fund; rather they indirectly own these assets.
«The lender would receive not a direct claim on that homeowner, but a participation in the Treasury's «PAR fund» which would pay out proportionately from all PAR proceeds received by the Treasury (technically, new shares in the PAR fund would be assigned based on a ratio reflecting the extent to which existing shareholders have already been paid off, so earlier shareholders don't receive more than they have coming to them).
A shareholder may be unable to claim a credit for the full amount of his or her proportionate share of the foreign taxes paid by a Fund.
Regularly represents majority and minority owners in closely held business disputes, including claims of freeze - out, misuse of corporate funds and mismanagement, and disputes regarding shareholder / limited liability company agreements.
It is widely anticipated that the number of class actions brought around the world will continue to grow, driven by the globalisation of litigation funders and the increasing appetite from funders and plaintiff law firms to develop new claims outside shareholder class actions.
Our expertise spans disputes relating to joint ventures, derivative actions, unfair prejudice petitions, misfeasance, breaches of directors» duties, misappropriation of company funds, shareholder deadlock, breach of warranty and indemnity claims, shareholder leaver clauses and issues arising out of covenants.
Quinn Emanuel Urquhart & Sullivan is building a claim on behalf of BT shareholders and funders against the company over an accounting scandal in its Italian business.
Litigation funder Bentham Europe has selected Quinn Emanuel Urquhart & Sullivan as its adviser on a claim by some of Volkswagen's largest shareholders against the company in Germany over the emissions rigging scandal the car maker has been embroiled in.
Representation of minority shareholders in home healthcare franchising companies in various state court litigation involving breach of fiduciary duty, breach of a shareholders» agreement, fraud and other tort claims, including successfully prosecuting charges for violation of court orders freezing millions of corporate funds, resulting in a civil contempt judgment that included a jail sentence.
He has acted for the liquidator in Edennote v Terry Venables; successfully resisted the winding - up of Stock, Aiken & Waterman; acted for the preference shareholders in the Barings dispute; advises on claims involving the transaction avoidance provisions of the Insolvency Act; appeared in Edward Klempka: In Re Parkside — important authority on the question of what amounts to a preference when dealing with common directorships; acted for the Cayman Islands» appointed SPC Receiver in the # 100m Axiom LItigiation Funding Fraud case which involved the first case of a SPC Receiver being recognised under the Cross-Border Insolvency Regulations 2006; has recently advised on several schemes of arrangement; regularly advises on recovery of assets in an insolvency context using the transaction avoidance rules.
2015 saw the total value of claims funded by Therium break the $ 5 billion mark with litigation and arbitration cases in the UK, Europe, Asia - Pacific and in the Americas, including high profile cases such as the shareholder group action against Lloyds Banking Group over the acquisition of HBOS at the peak of the financial crisis.
The prominent Aussie firm has secured backing from Litigation Funding Partners (LFP) to pursue a shareholder claim against wealth management giant AMP, which is accused of a slew of misdeeds, including a breach of its continuous disclosure obligations to investors....
Representing private individuals in a multi-jurisdictional shareholder dispute over a Cayman investment fund which involved the setting aside of a worldwide freezing order and proprietary injunction, in part on the basis that the claims were likely to be barred by the «no reflective loss» principle.
The court in Rea noted that the defendants» fiduciary duties are to the corporation, not the individual shareholders, and the demand for the return of the corporation's funds was also a proper claim for the corporation to make.
Andrew Head, partner at Forsters LLP, says the shareholders most likely to sue the government are the two largest hedge funds SRM Global and RAB Capital, although possible action could also come from smaller shareholders who may form an action group to pursue their claim.
Since 2013 Dr Döss had served as head of legal for Porsche Holding, the majority shareholder of Volkswagen Group, where he helped to fight a number of damages claims brought by US hedge funds.
When asked whether there were any other shareholders that might have a claim to the funds, Karpeles pointed to Jed McCaleb, who owns a 12 % share.
The difference between a stock IPO and a cryptocurrency ICO is that the price of the newly issued digital token is only indirectly driven by the performance of the startup that is raising the funds and that the token holders have no claim on any of the company's assets as it would be the case for shareholders.
McDonald's Corp. is once again facing pressure to spin off its real estate holdings, as shareholder and hedge fund manager Larry Robbins claims the move could unlock $ 20 billion in value.