Battea’s Monthly Wrap-Up: November 2018

Volkswagen International “Dieselgate” Litigation


December 31st is the absolute last chance for investors to join VW recovery efforts. ACT NOW TO RECOVER!


Investors who have not yet have acted to recover losses from earlier drops and the almost 40% sharp drop in prices of VW shares on Xetra Deutsche Börse, from the September 2015 Diesel-Gate revelation, must act now to have any chance of receiving money from a very likely settlement or judgment in the matter.

When the German Statute of Limitation expires in December 2018 on the three (3) year SOL of the Dieselgate revelations, the door is permanently slammed for any more investors to sue and join the collective “KapMuG” action in Germany and participate in any monetary recovery.

Next Steps:

Institutional investors who wish to consider pursuing recovery from a potential settlement, should provide VW and PSE transaction data.

ISAF is financing all litigation costs, including legal fees, experts’ fees, processing, data collection, administration, and claims administration, in exchange for a success only contingency fee.

ISAF is highly experienced in this field and participation is simple, automatic, and hands-free for investors.

Investors should contact ISAF today: info@isafmanagement.com.

 

Danske Bank Investor Scandal


Investors suffered investment losses after disclosures related to EUR 200 billion money transfer scheme.


A lawsuit is being filed in Copenhagen by some of the world’s leading international and Danish law firms, on behalf of investors who suffered investment losses in Danske Bank’s share price after various disclosures related to an estimated EUR €200 billion money transfer scheme involving non-resident Eastern European and Russian customers in the Bank’s Estonian Branch. Information about critical lapses in Danske Bank’s ‘know your customer’ and anti-money laundering internal enforcement policies, and its failure to act upon both internal and external warnings of non-compliance, caused a more than a 40% decline in Danske Bank’s stock price resulting in losses for investors of more than USD $15 billion.

Collective actions known as “Group” actions in Denmark require investors to “Opt In”, in order to participate in any investor recovery payouts from a settlement or judgment.The most viable group litigation option for Battea’s clients will be to register with the International Securities Associations and Foundations Management Company (ISAF) Coalition, with Danish law firm, Németh Sigetty Advokatpartnerselskab managing the litigation on the ground and supported by the leading collective action law firms in Europe, TILP Rechtsanwaltsgesellschaft mbH and Lemstra Van der Korst NV, and American class action litigation firms, Pomerantz LLP and Lieff Cabraser Heimann & Bernstein, LLP.

Eligible Products:

Danske Bank common stock: ISIN DK0010274414 (primarily traded on Copenhagen Stock Exchange – Nasdaq Copenhagen).

Eligible Parties:

Investors who purchased Danske Bank A/S Ordinary shares from January 1, 2007 and there after through Present.

Next Steps:

Institutional investors who wish to consider pursuing recovery from a potential settlement, should provide Danske Bank transaction data.

ISAF is financing all litigation costs, including legal fees, experts’ fees, processing, data collection, administration, and claims administration, in exchange for a success only contingency fee.

ISAF is highly experienced in this field and participation is simple, automatic, and hands-free for investors.

Investors should contact ISAF today: info@isafmanagement.com.

 

Euribor Antitrust Settlement Fund


More than $182 million added to the settlement fund.


Update:

The Euribor Antitrust Litigation settlement fund has increased to $491.5 Million.

Case Summary:

Improper conduct relating to the setting of the Euro Interbank Offered Rate (Euribor), a global reference rate used to benchmark, price and settle over $200 trillion of financial products..

Eligible Products:

For purposes of the Euribor Case, Euribor Products means any and all interest rate swaps, forward rate agreements, futures, options, structured products, and any other instrument or transaction related in any way to Euribor, including but not limited to, NYSE LIFFE Euribor futures contracts and options, CME Euro currency futures contracts and options, Euro currency forward agreements, Euribor-based swaps, Euribor-based forward rate agreements and/or any other financial instruments that reference Euribor.

Eligible Parties:

All persons, from June 1, 2005 through March 31, 2011, who purchased, sold, held, traded or otherwise had any interest in Euribor Products during the Class Period, who were either domiciled in the United States or its territories or, if domiciled outside the United States or its territories, transacted Euribor Products in the United States or its territories during the Class Period, including, but not limited to, all persons who traded CME Euro currency futures contracts, all persons who transacted in NYSE LIFFE Euribor futures and options from a location within the United States, and all persons who traded any other Euribor Product from a location within the United States.

Next Steps:

All investors should contact Battea for questions regarding eligibility and to confirm your filing.

 

Sibor Singapore Antitrust Settlement


Nearly $21 million added to the settlement fund.


Update:

The SIBOR and SOR Antitrust Litigationsettlement fund has increased to $20.979 Million.

Case Summary:

Antitrust class action about Defendants unlawful conspiracy to increase the profitability of their derivatives trading in the United State through the manipulation of two related benchmark ratesthe Singapore Interbank Offered Rate (SIBOR) and the Singapore Swap Offer Rate (SOR). At the same time that they were manipulating SIBOR and SOR, Defendants traded derivatives incorporating these tainted rates with investors located in the United States.

Eligible Products:

SIBOR and SOR based derivatives:  All financial instruments that were priced, benchmarked, and/or settled based on SIBOR and/or SOR and that were transacted in U.S. based transactions, including over the counter instruments such as interest rate swaps, forward rate agreements, and foreign exchange swaps and forwards.

Eligible Parties:

All persons or entities, at any time from at least January 1, 2007 through December 31, 2011, that engaged in U.S.-based transactions in financial instruments that were priced, benchmarked, and/or settled based on SIBOR and/or SOR. Excluded from the Class are Defendants and their employees, agents, affiliates, parents, subsidiaries and co-conspirators, whether or not named in this complaint, and the United States government.

Next Steps:

All investors should contact Battea for questions regarding eligibility and to confirm your filing.