News
Reluctance about litigation costing billions9 March 2010, 5:07 pm
Australian superannuation funds could be costing themselves many millions of dollars by not participating in US securities class actions, according to London-based class action specialist company GOAL Group.
The group claimed that a recent study has revealed that between 2007 and 2009 the reluctance to engage in class actions has resulted in some $3.5 billion being [...]
View Full Article
23 February 2010, 9:07 am
AUSTRALIAN investors are missing out on billions of dollars by not taking part in class action lawsuits against mainly US companies whose managers have been guilty of improper corporate behaviour, according to a study.
Superannuation and asset managers in Australia had failed to claim a combined $3.5 billion in compensation from 2007 to 2009, said [...]
View Full Article
8 February 2010, 3:10 pm
Nederlandse pensioenfondsen lopen wellicht honderden miljoenen euro`s mis als gevolg van de afwikkeling van diverse wereldwijde schadevorderingen. Daarbij gaat het om zogenaamde class action-procedures, waarmee een deel van de aanzienlijke beleggingsverliezen in de periode 2006-2008 moet worden teruggebracht.
Dat meent de Britse Goal Group, die gespecialiseerd is in collectieve schadevorderingen, op basis van zijn meest [...]
View Full Article
23 December 2009, 11:55 am
AMSTERDAM – Nederlandse pensioenfondsen dreigen honderden miljoenen euro’s mis te lopen uit de afwikkeling van allerlei collectieve schadevorderingen wereldwijd.
Het gaat om zogeheten class action-procedures om een deel van de gigantische beleggingsverliezen in de periode 2006-2008 terug te krijgen. Pensioenfondsen die echter niet aan deze class actions meedoen, verliezen hun rechten om circa €450 miljoen aan [...]
View Full Article
23 December 2009, 11:52 am
AMSTERDAM – Nederlandse pensioenfondsen dreigen honderden miljoenen euro’s mis te lopen uit de afwikkeling van allerlei collectieve schadevorderingen wereldwijd.
Het gaat om zogeheten class action-procedures om een deel van de gigantische beleggingsverliezen in de periode 2006-2008 terug te krijgen. Pensioenfondsen die echter niet aan deze class actions meedoen, verliezen hun rechten om circa €450 miljoen aan [...]
View Full Article
26 November 2009, 9:30 am
A new report from GOAL Group projects that between 2007 and 2009 UK Local Authority (LA) pension funds’ have lost £31 billion on their investments. Only £500 million of these losses will be recovered by UK local authorities participating in (mainly US) class action lawsuits arising from this period.
However, the report also highlights that if [...]
View Full Article
25 November 2009, 2:52 pm
Financial Times Article - 'Court and spark'
View Full Article
25 November 2009, 10:18 am
Engaged Investor Article - 'Entitled to Recovery'
View Full Article
18 November 2009, 4:14 pm
UK Local Authority (LA) pension funds have lost £31bn on their investments between 2007 and 2009, according to global class action services specialist, GOAL Group.
The Group’s projections show that around £500million of these losses will be recovered by UK local authorities which choose to participate in class action lawsuits arising from that period, mainly based [...]
View Full Article
2 November 2009, 5:06 pm
2nd November 2009 – Goal are delighted to announce that we have been elected as a Member of SWIFT ( Society for Worldwide Interbank Financial Telecommunications) within their Non-Supervised Financial Institution category.
Executive Director Saghar Bigwood said “This membership is an integral part of our development strategy and will primarily facilitate the growth of Goal Taxback [...]
View Full Article
28 October 2009, 4:33 pm
October 2009 – Goal has been awarded an ISO 9001:2008 accreditation for “its provision of creative products, services and solutions to automate and optimize the reclamation of withholding tax on cross-border securities dividend income and compensation claims on global securities class actions.”
Saghar Bigwood, Executive Director, states that achieving this accreditation is testament to the continuous evolution of our services [...]
View Full Article
16 October 2009, 3:38 pm
UK – Local authority pension schemes could be losing up to £125m (€136m) by not participating in class actions, a report from the Goal Group has claimed.
The firm, which provides specialist class action services, calculated that between 2007 and 2008 UK local authority pension schemes lost almost £8.5bn on their investments, of which around £140m [...]
View Full Article
14 October 2009, 9:12 am
A firm called Goal Group estimates that U.K. local authority pension schemes could be losing up to £125m by not filing claims in securities class action settlements. IPE.com reports that Goal Group calculates that between 2007 and 2008, U.K. local authority pension schemes lost almost £8.5bn on their investments, of which around £140m could be [...]
View Full Article
12 October 2009, 3:17 pm
Local authority pension funds are missing out on millions of pounds because of their failure to pursue lawsuits over losses, according to claims this week.
A study found that between 2007 and 2009, £510m out of a total of £31bn losses on their investments during that period were recovered by UK council pension funds following class [...]
View Full Article
12 October 2009, 3:13 pm
UK local authorities could recover millions of pounds lost on pension investments in the past two years if they take part in US class action lawsuits.
About £500m (€546m, $794m) of these losses could be recouped, according to a study by Goal Group, a class action services specialist. But some local authorities are still not bothering [...]
View Full Article
9 October 2009, 2:53 pm
UK/US – Local authority pension schemes could be losing out on £125m (US$198.9m) by failing to participate in US class action lawsuits, research by Goal Group revealed.
Goal Group managing director Stephen Everard claimed £500m of local government scheme losses between 2007 and 2009 would be recovered by funds participating in class action lawsuits.
But he said [...]
View Full Article
9 October 2009, 2:45 pm
UK – Local authority pension schemes could be losing up to £125m (€136m) by not participating in class actions, a report from the Goal Group has claimed.
The firm, which provides specialist class action services, calculated that between 2007 and 2008 UK local authority pension schemes lost almost £8.5bn on their investments, of which around £140m [...]
View Full Article
9 October 2009, 1:02 pm
UK local authority pension funds have lost a projected £31bn on their investments between 2007 and 2009 but significant sums could recovered through the courts, legal experts have said.
The GOAL group of companies says £500m is forecast to be recovered by UK funds through so-called class action law suits, mainly in the US, where claimants [...]
View Full Article
9 October 2009, 12:55 pm
Local authority pension schemes could be losing out on £125m by failing to participate in US class action lawsuits, research by Goal Group, reveals.
Goal Group managing director Stephen Everard claimed £500m of local government scheme losses between 2007 and 2009 would be recovered by funds participating in class actions.
But he said between 25% and 30% [...]
View Full Article
9 October 2009, 12:50 pm
Inertia over the UK’s class action laws leaves pension funds with significant obstacles to gaining compensation
Fears of another major investment bank default have been receding for the last few months, but the activity for investors of all hues to disentangle themselves from some
of the beleaguered remaining institutions has increased. In the post mortem of the [...]
View Full Article
6 October 2009, 10:15 am
UK local authorities could recover millions of pounds lost on pension investments in the past two years if they take part in US class action lawsuits.
About £500m (€546m, $794m) of these losses could be recouped, according to a study by Goal Group, a class action services specialist. But some local authorities are still not bothering [...]
View Full Article
17 July 2009, 10:55 am
US — UK and European pension funds will be included as members of a consolidated class action against Royal Bank of Scotland, after a court ruling knocked them out of the running to be co-lead plaintiffs.
The complaint filed yesterday by law firm Cohen Milstein Sellers & Toll include UK schemes Merseyside Pension Fund and North [...]
View Full Article
23 March 2009, 10:05 am
AIG will be the next major class action case of interest for UK pension funds, according to a leading litigation lawyer.
Patrick Daniels, partner at Coughlin Stoia Geller Rudman & Robbins, said that while the door to becoming a lead plaintiff in a class action against the Royal Bank of Scotland (RBS) is now closed, he [...]
View Full Article
18 March 2009, 10:18 am
MN Services, the Dutch pension fund and investment manager, has confirmed it has joined the class action case against Royal Bank of Scotland as a co-lead plaintiff.
Speaking to Professional Pensions, MN Services head of corporate governance Chris Douma said the company had decided to join the action based on the losses it had incurred through [...]
View Full Article
17 March 2009, 2:47 pm
Shareholders and pension funds mull legal action against Lloyd’s Banking Group and other banks to recoup investment losses.
Local authorities with investments in RBS have been urged to join a class action suit against the disgraced bank.
Councils in Merseyside and North Yorkshire have reportedly joined forces to file a class action law suit against RBS alleging [...]
View Full Article
17 March 2009, 10:10 am
ROYAL Bank of Scotland faces legal action from three big local authority pension funds to reclaim some of the millions they have lost in the near- collapse of the bank.
The trio include Strathclyde Pension Fund, Scotland’s biggest, which estimates RBS’s woes have cost it about £50 million. It has more than 180,000 members, including staff [...]
View Full Article
12 March 2009, 7:51 am
GOAL Group, the leading class actions and tax reclamation services specialist, today announced the appointment of Saghar Bigwood to the Board of Directors.
Bigwood joined GOAL Group in 2003 from Citigroup, and has since played an instrumental role in developing the Company’s core marketplaces in securities services – helping customers reclaim withholding tax on cross-border securities [...]
View Full Article
5 March 2009, 2:37 pm
Legal firm GOAL Group, a class actions and tax reclamation services specialist has appointed Saghar Bigwood to the Board of Directors.
Bigwood joined in 2003 from Citigroup and has since developed the company’s core markets in securities services – helping customers reclaim withholding tax on cross-border securities income and providing securities litigation services.
Managing Director Stephen Everard [...]
View Full Article
2 March 2009, 3:03 pm
Royal Bank of Scotland faces legal action from three of the country’s big local authority pension funds to reclaim some of the millions they have lost in the near-collapse of the bank.
The trio include Strathclyde Pension Fund, Scotland’s biggest, which estimates RBS’s woes have cost it about £50 million. It has more than 180,000 members, [...]
View Full Article
2 March 2009, 2:31 pm
European institutional investors have lost out on nearly £3.6bn between 2000 and 2007 by failing to participate in US securities class actions.
A report from GOAL Group, a European withholding tax and class action service specialist, has revealed that since 2000 institutional investors’ non-participation in US securities class actions resulted in billions being left on the [...]
View Full Article
6 December 2008, 2:45 pm
Asian investors are potentially missing out on billions of dollars in payments by not participating in US securities class action litigation, said a report by Goal Group a leading withholding tax and class action services specialist.
Between 2000 and 2007, almost US$12bn in settlements to which shareholders were entitled was not claimed, and some US$1.5bn of [...]
View Full Article
29 October 2008, 2:56 pm
UK Local Authority pension funds have left £200 million on the table through non-participation in US securities class actions, according to the GOAL Group.
The class actions services specialist conducted a report which showed that this huge amount of money was neglected between 2000 and 2007. With average settlements hitting heights of £54 million, and securities [...]
View Full Article
11 September 2008, 3:39 pm
UK – Local authority pension funds’ non-participation in US securities class actions resulted in over £200m ($365m) being left on the table, according to GOAL Group.
The European class action services firm said this should be a “wake-up call’’ to the UK public sector pension funds that are currently foregoing their legal right to claim damages [...]
View Full Article
21 August 2008, 3:24 pm
Europäische institutionelle Anleger hātten in den Jahren 2000 bis 2007 rund 3,6 Milliarden Dollar mehr in die Bücher bekommen können, wenn sie sich an Sammelkiagen in den USA beteiligt hätten. Das berichtet der britische Spezialist für Quellensteuern und Sammelklagen Goal Group in einer akteullen Studie. Insgesamt lieβen sich Anleger im betrachteten Aitraum weltweit [...]
View Full Article
1 April 2008, 3:32 pm
Rund 12 Mrd. USD durch Urteil oder Vergleich gesicherte Schadenersatzansprϋche aus US-Sammelklagen im Zusammenhang miwt Wertpapiergeschäften sollen, einer Studie der britischen Goal-Group zufolge, in den HJahren 2000-2007 ,,auf dem Tisch liegen geblieben‘‘ sein, weil sie nicht eingefordert wurden.
Davon enfallen 3.6 Mrd. USD auf europäishe Adressen, in der Regel institutionelle Anleger, die fremdes Geld verwalten wie [...]
View Full Article
30 March 2008, 11:26 am
European pension and fund managers are missing out on billions of dollars by not participating in class action lawsuits against companies whose managers indulge in improper corporate behaviour.
According to Goal Group, a class action services specialist, $12bn (£6bn, €8bn) was left on the table by investors between 2000 and 2007. Of this, $3.6bn is attributable [...]
View Full Article
25 March 2008, 10:01 am
EUROPE – European institutional investors are missing out on billions in damages by failing to participate in US securities class actions, according to a new report.
// <![CDATA[
document.write('');
// ]]>
<a href=”http://ad.uk.doubleclick.net/click%3Bh=v8/3841/3/0/%2a/u%3B211170487%3B0-0%3B0%3B32918304%3B496-200/200%3B29921841/29939718/1%3B%3B%7Esscs%3D%3fhttp%3A//bs.serving-sys.com/BurstingPipe/BannerRedirect.asp%3FFlightID%3D600787%26Page%3D%26PluID%3D0%26Pos%3D2635″ target=”_blank”><img src=”http://bs.serving-sys.com/BurstingPipe/BannerSource.asp?FlightID=600787&Page=&PluID=0&Pos=2635″ border=0 width=200 height=200></a> <a href=”http://ad.uk.doubleclick.net/jump/globalpensions.com/Europe_Art_mpu;page=746663;pos=1;tile=3;sz=200×200;ord=549814001244021955?” target=”_blank”><img src=”http://ad.uk.doubleclick.net/ad/globalpensions.com/Europe_Art_mpu;page=746663;pos=1;tile=3;sz=200×200;ord=549814001244021955?” width=”200″ height=”200″ border=”0″ alt=”"></a>
GOAL Group, a withholding tax and class action service specialist in [...]
View Full Article
16 March 2008, 2:57 pm
UK institutional investors that do not take part in US class action settlements are losing out on millions of pounds from settlements, a specialist warns.
A report from Goal Group shows that between 2000 and 2007 institutional investors’ non-participation in US securities class actions resulted in nearly $12bn (£6bn) being left on the table.
Some $3.6bn (£1.85bn) [...]
View Full Article
27 February 2008, 11:05 am
A new report from European withholding tax and class action services specialist, GOAL Group, shows that between 2000 and 2007, institutional investors’ non-participation in US securities class actions resulted in nearly USD12bn being left on the table.
Some USD3.6bn of this can be attributed to European investors.
According to GOAL, around the millennium, corporate [...]
View Full Article
18 February 2008, 11:48 am
Pension funds are missing out on a potential share of $12bn (£6bn) in unclaimed litigation settlements in the USA, according to a class action specialist.
A study by GOAL Group found class action cases carried out between 2000 and 2007 amounted to $3.6bn (£1.8bn) in unclaimed settlements for European investors, with around 25% of this figure [...]
View Full Article
14 February 2008, 2:43 pm
Non-participation in US securities class actions by institutional investors resulted in nearly $12bn being left on the table between 2000 and 2007, according to the new report.
The report by European withholding tax and class actions services specialist, GOAL Group, claims some $3.6bn of this can be attributed to European investors. Around the millennium, corporate governance [...]
View Full Article
14 February 2007, 9:58 am
Global Operations and Administration Limited (GOAL), a provider of tax
reclamation services, has acquired Magenta One, a securities class
actions specialist.
As a wholly owned subsidiary of GOAL, the business will trade under the
new name of Magenta One Global Limited, operating out of GOAL’s
headquarters in the City of London.
David Monks will continue to lead the sales team, targeting [...]
View Full Article
3 June 2006, 10:44 am
Irish investors have failed to collect €337 million they are owed in tax refunds from overseas share and bond transactions, a leading tax reclamation expert has said.
Stephen Everard, managing director of tax specialist Goal, said the amount of withholding tax from overseas tax authorities owed to Irish investors has more than doubled in the past [...]
View Full Article
3 May 2006, 10:36 am
Tax reclamation is often swept under the carpet. Stephen Everard, managing director of tax reclamation specialists GOAL, exposes why investors and fund managers are right to demand their dues.
Tax reclamation is barely on the radar for many hedge fund managers and other financial intermediaries. But the reality is that dividends on foreign shares are typically [...]
View Full Article
