Volkswagen and BMW are fined nearly $1 billion for colluding on emissions technology
Volkswagen Fined $1 Billion By Jack Ewing Germany’s three largest carmakers colluded illegally to limit the effectiveness of their emissions technology, leading to higher levels of harmful diesel pollution, European antitrust authorities said Thursday. Volkswagen and its Porsche and Audi divisions must pay 500 million euros, or $590 million, and BMW will pay €373 million,…
Dutch Court Overturns Ruling in Petrobras Fraud Suit
By Cosmo Sanderson Global Arbitration Review, London (June 18, 2021, 6:25 PM BST) — A Dutch court has reversed its decision to exclude certain claimants from a class action brought on behalf of investors in Petrobras who suffered losses due to the Lava Jato corruption scandal – after it emerged the Brazilian company had taken…
Battea 2021 Client Newsletter
Battea 2021 Client Newsletter Outside of settled cases, the decline in filed cases in 2020 is largely due to business environment interruptions and the impact of the global Covid-19 pandemic. Additionally, M&A activity, generally, was muted for much of 2020, although M&A activity and the predictable merger objection cases started picking up later in the…
Battea and Apex announce partnership for hedge funds, litigation and data analysis
Battea Announces Apex Group Partnership Stamford, CT—Battea Class Action Services, LLC, a global expert in providing turn-key class and collective action antitrust and securities litigation recovery services, international litigation research and monitoring, has formed a new partnership with Apex Group. For more than 20 years, Battea has been the industry leader and consulted as experts…
Market Monthly Newsletter – More than $2.824 Billion settled in the first three quarters of 2020
Battea’s Market Monthly Newsletter: November 2020 More than $2.824 Billion settled through Q3 2020. Urgent Deadlines Loom in Several LIBOR-Based Antitrust Litigations. BILLIONS OF DOLLARS AVAILABLE TO ELIGIBLE INVESTORS: While billions of dollars have already settled in the Foreign Exchange Benchmark Antitrust manipulation case, and have distributed in the Petrobras American Depository Shares (ADS) settlement,…
Institutional Investor Webinar: There’s Currently $15 Billion Available To Eligible Investors. Interested to learn how you can recover?
Institutional Investor Webinar: There’s Currently $15 Billion Available To Eligible Investors. Interested to learn how you can recover? Institutional Investor Webinar: Securities class action settlements help investors recoup losses and deter fraud on a market level. There is currently more than $15 Billion in available settlement funds awaiting distribution. There is a large pipeline of…
Battea Class Action Services Announces Partnership with HedgeServ to Provide its Clients with Best in Class Global Damage Analysis & Securities Class and Collective Action Claim Filing
Battea Announces HedgeServ Partnership Stamford, CT—Battea Class Action Services, LLC, the global leading expert in providing turn-key class and collective action antitrust and securities litigation recovery services, international litigation research and monitoring to more than 900 institutional investors, banks and hedge funds, announced a partnership with HedgeServ, an industry leading global fund administrator recognized for…
CII Webinar: State of Securities & Antitrust Class Action Litigation and Impact of Covid-19
CII Securities Litigation Webinar CII Webinar: State of Securities & Antitrust Class Action Litigation and Impact of Covid-19 Securities class action settlements help investors recoup losses and deter fraud on a market level. There is currently more than $19 Billion in available settlement funds awaiting distribution. There is a large pipeline of current litigations with…
First Quarter 2020 Newsletter
First Quarter 2020 Newsletter There has been incredible growth in securities and antitrust class action litigations and settlements, particularly as they have unfolded in the past five years. The number of new cases and new settlements from traditional securities litigation to antitrust rate rigging, spread inflation and other forms of collusion are at an all-time…
Battea Class Action Services Statement Regarding Coronavirus (COVID-19)
Battea Class Action Services Statement Regarding Coronavirus (COVID-19) At Battea, the health and safety of our employees, clients’ and business partners’ staff, together with consistent and uninterrupted continuity in services provided to our clients, are of the utmost importance. Disaster planning has always been an integral part of our DNA. Over the years, Battea has…