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MFDF - Mutual Fund Directors Forum - MFDF Webinar: Opt-In or Opt-Out: The Changing Landscape of Securities Class Actions and Its Impact on Mutual Funds

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MFDF Webinar: Opt-In or Opt-Out: The Changing Landscape of Securities Class Actions and Its Impact on Mutual Funds

As a result of recent changes in the law and extensive data evidencing minimal recoveries by investors in securities class actions, mutual fund boards are giving increased attention to alternative litigation strategies designed to maximize recovery when fund holdings are damaged by issuer fraud. These strategies include opting out of U.S. class actions and filing direct action lawsuits in foreign jurisdictions when U.S. remedies are unavailable. This webinar will summarize the data driving this trend, discuss the Petrobras case and other recent examples of mutual fund opt outs, and consider policies and procedures for addressing this issue moving forward.
 
This webinar will be broadcast live from 2:00 to 3:00 Eastern time on Wednesday, November 15, 2017. Register online.