Factors affecting variations in securities class action claims rates
Claims rates are of interest to parties to the settlement process. Average claims rates, which are well below 100%, suggest either that plaintiffs’ class-wide...
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Governments and regulators are taking a more active approach to enforcement of claims of financial markets manipulation, especially with the advent of new products. Claims of coordinated trading, trading on private information, benchmark manipulation, price collusion, and spoofing or other manipulative trading activity have increased notably. We have provided impactful results to clients with respect to markets ranging from benchmarks such as LIBOR and ISDAFIX to traded products such as government bonds, precious metals, foreign exchange, and derivatives. Clients rely on CRA throughout all stages of a market manipulation matter, including internal investigations, internal disciplinary proceedings or prosecutions, financial market and antitrust regulatory investigations and actions, and class actions.
Claims rates are of interest to parties to the settlement process. Average claims rates, which are well below 100%, suggest either that plaintiffs’ class-wide...
The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 defines spoofing as bidding or offering with the intent to cancel the bid or offer before...