At the peak of the economic crisis 2008, UK pension schemes lost £21 billion on their US investments, of which £1.4bn is likely to be recouped through class action litigation. However, according to GOAL Group, a proportion of pension schemes continues to miss the opportunities to participate, which will likely result in some £368 million left on the table in this same period.
Washington Mutual Class Action Suit Settled
Washington Mutual Inc. (WMI/WaMu) and other defendants have settled to pay $208.5 million in a class action lawsuit that was derived from WaMu’s collapse in 2008. Washington Mutual Inc., a savings bank holding company that was created in 1898, had collapsed in 2008. The company’s fall has been attributed to a focus on lower-income borrowers [...]
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Securities Withholding Tax Reclamation Market
The 4th GOAL group report Key Findings - $17.39 billion (£10.72bn/€12.24bn) of investors’ rightful returns from their foreign shares and bonds were lost in the latest financial year because withholding tax on dividends and income is not being properly reclaimed. - This represents an increase of over 50% in the annual amount lost compared with [...]
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Goal Group Limited is incorporated in England & Wales under Company number
2438530 with our registered office at 7th Floor, 69 Park Lane, Croydon, Surrey,
CR9 1BG, United Kingdom. VAT registration number 524 8499 15
