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Goal Group is pleased to report that we have recovered $7million in the Royal Dutch Shell class action lawsuit.
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Fonds Online – 23.06.2011 Eine neu veröffentlichte Studie von GOAL Group, einem Expertenhaus für Steuerrückerstattungen zeigt, dass Investoren im Jahr 2010 weltweit 17,39 Milliarden US Dollar (12,24 Mrd. Euro) an rechtmäßigen Rückerstattungen aus internationalen Kapitalanlagen eingebüßt haben, da sie die Quellensteuer auf Dividenden und Erträge nicht ordnungsgemäß zurückgefordert haben. Die Summe der ausstehenden Rückforderungen macht [...]
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Eine neu veröffentlichte Studie von GOAL Group, dem führenden Experten für Steuerrückerstattungen zeigt, dass Investoren im Jahr 2010 weltweit 17,39 Milliarden US Dollar (12,24 Mrd. Euro) an rechtmäßigen Rückerstattungen aus internationalen Kapitalanlagen eingebüßt haben, da die Quellensteuer auf Dividenden und Erträge nicht ordnungsgemäß zurückgefordert wurde. Die Summe der ausstehenden Rückforderungen macht rund ein Viertel des [...]
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Investoren verschenken Geld Eine neue Studie von GOAL Group, dem führenden Experten für Steuerrückerstattungen, verdeutlicht, dass Investoren im Jahr 2010 weltweit 12,24 Milliarden Euro an rechtmäßigen Rückerstattungen aus internationalen Kapitalanlagen eingebüßt haben, da die Quellensteuer auf Dividenden und Erträge nicht ordnungsgemäß zurückgefordert wurde. Die Summe der ausstehenden Rückforderungen macht rund ein Viertel des weltweiten Gesamtanteils [...]
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WALL STREET – 24TH JUNE 2011 Investoren fordern nur selten die Quellensteuer auf internationale Kapitalerträge zurück, Nutznießer sind die Steuerbehörden Investoren fordern nur selten die Quellensteuer auf internationale Kapitalerträge zurück, Nutznießer sind die Steuerbehörden Investoren schenken ihren Staaten eine Menge Geld: Im vergangenen Jahr verloren sie weltweit rund 17,4 Milliarden US-Dollar, weil sie in ihren [...]
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Cash.ONLINE – Donnerstag, 23. Juni 2011 Allein deutsche Investoren haben im vergangenen Jahr fast 700 Millionen Euro verloren, weil sie es versäumten, sich Quellensteuern für internationale Kapitalanlagen zurückerstatten zu lassen. International lassen sich Anleger zweistellige Milliardenbeträge durch die Lappen gehen. Das zeigt eine Studie des Datenanalysten Goal Group. Die auf Steuerrückerstattungen spezialisierten Experten haben ausgerechnet, [...]
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HANDELSBLATT – 22nd June 2011 Anleger verschenken jedes Jahr Milliarden an den Staat, weil sie sich bei Investitionen im Ausland die doppelt bezahlte Quellensteuer nicht zurückholen. Der Grund: Es ist einfach zu kompliziert. DüsseldorfBei der Rendite schauen Anleger oft auf jeden Cent – da ist es verwunderlich, dass sie vergangenes Jahr 12,24 Milliarden Euro verschwendet [...]
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New York – A US shareholder who purchased $38,000 in News Corp shares earlier this year filed a class action lawsuit against the global media group on Friday, claiming that News Corp, the Murdochs, and Rebekah Brooks intentionally covered up and concealed the phone hacking offenses. The investor, Lewis Wilder, has initiated the first federal-level [...]
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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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Anleger verschenken jedes Jahr Milliarden an den Staat, weil sie sich bei Investitionen im Ausland die doppelt bezahlte Quellensteuer nicht zurückholen. Der Grund: Es ist einfach zu kompliziert. Düsseldorf – Bei der Rendite schauen Anleger oft auf jeden Cent – da ist es verwunderlich, dass sie vergangenes Jahr 12,24 Milliarden Euro verschwendet haben. So viel, [...]
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07/06/2011, fDiIntelligence US companies top list of unclaimed refunds, with $1.65bn shortfall Foreign investors lost $17.39bn last year by failing to claim refunds on taxed dividends and income, according to tax specialist firm Goal Group. According the group’s study, US investors chalked up the most losses with $1.65bn, followed by UK investors. According to statistics [...]
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Matt Ritchie – 27/05/2011 - Pensions Age UK investors are missing out on more than £1 billion through failing to reclaim tax on income from cross-border securities, according to a new report from GOAL Group. GOAL said income earned on cross-border securities is subjected to withholding tax in the country of origin, but a portion [...]
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Professional Pensions | 27 May 2011 Pension funds and other UK investors missed out on more than £1bn last year by failing to reclaim withholding tax on foreign investments, according to tax reclamation experts. The withholding tax is levied on all cross-border securities, but a proportion – or in some cases all – of that [...]
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Pat Sweet- Accountancy – 25th May Two new surveys are warning that UK investors with overseas assets risk missing out on billions of pounds by failing to claim foreign dividend withholding tax (DWT) in cases where the UK has a double taxation agreement in place. The tax specialist website taxback.com has calculated that only 7% [...]
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by Robert Lee – Tax-News.com Wednesday, May 25, 2011 UK investors are losing out to the tune of billions, as losses on un-reclaimed tax on foreign dividend withholding tax (DWT) mount, according to two new sets of findings. According to the tax specialist website taxback.com, UK investors are failing to claim up to GBP1.1bn in [...]
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Investors, including institutional investors, lost an estimated $17.39 billion globally through unclaimed withholding tax from overseas stocks and bonds, according to a report by the Goal Group. The loss represents about a quarter of about $64.4 billion in total reclaimable tax globally in 2010, according to the report. U.S. investors gave up the most, about [...]
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18th May 2001 Investors, including institutional investors, lost an estimated $17.39 billion globally through unclaimed withholding tax from overseas stocks and bonds, according to a report by the Goal Group. The loss represents about a quarter of about $64.4 billion in total reclaimable tax globally in 2010, according to the report. U.S. investors gave up [...]
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16 May 2011 – Stephanie Baxter According to a report by Goal Group, global investors are forfeiting returns from their cross-border securities because withholding tax on dividends and income is not being properly reclaimed. - US investors came top with losses of $3.24bn - “Clear opportunity” for custodians to increase efficiency of reclamation services - [...]
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12th May 2011 – Ray Clancy Global cross border investment losses on unreclaimed withholding tax have reached £10.72 billion, a new report reveals. UK investors alone, have relinquished more than £1 billion in their rightful returns, according to the report from GOAL Group, the leading tax reclamation services specialist. It says that around a quarter [...]
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11th of May 2011 According to a report by Goal Group, global investors are forfeiting returns from their cross-border securities because withholding tax on dividends and income is not being properly reclaimed - US investors came top with losses of $3.24bn - “Clear opportunity” for custodians to increase efficiency of reclamation services - Fund managers [...]
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09 May 2011 – Hannah Beechman £10.72 billion of investors’ returns from their cross-border shares and bonds stand to be lost in the latest financial year because withholding tax is not being properly reclaimed, according to tax reclamation specialists, GOAL Group. To read this article on the IFA Online website Click Here
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According to a recent report by tax reclamation specialist Goal Group, due to withholding tax on dividends and income not being properly reclaimed, investors are likely to miss out on nearly £11bn from their cross-border shares and bonds. With US investors suffering the highest losses of around $3.164bn left un-reclaimed. UK investors are set to [...]
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Pension Funds Online – 3rd April 2011 Earlier this year, seventy of the world’s largest pension schemes and institutional investors sent a letter to the US Securities and Exchange Commission (SEC). In it, they asked SEC to put forward a case to Congress calling for a return to the days of investors being able to [...]
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By Ruth Sulivan – April 24th 2011 Investors lost out on nearly £11bn ($18bn) from global cross-border investments as a result of unclaimed withholding tax last year. This accounts for more than a quarter of the near-£40bn of global reclaimable withholding tax on dividends for 2010, according to research carried out by Goal Group, a [...]
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26 April 2011 by Simon Danaher Investors are likely to miss out on nearly £11bn from their cross-border shares and bonds from last year because withholding tax on dividends and income is not being properly reclaimed, according to a recent report. The study, conducted by tax reclamation specialist Goal Group, found that US investors are [...]
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An alliance of 69 funds including superannuation funds, Pension funds and Fund managers jointly submitted a letter on 18th February 2011 to Elizabeth Murphy, Secretary of the Securities & Exchange Commission regarding Release No. 63174. The alliance members are responsible for in excess of USD2 trillion and are voicing their concerns and comments on the [...]
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7th March 2011 Since the late 1990s, equities investment has been through significant peaks and troughs. Hyped to unsustainable values in the dotcom boom, the post-millennial stock market crash then wiped billions off portfolio values. Growth throughout the Noughties was followed by a similar radical depression in capital values in 2008 financial markets crisis and its [...]
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28th Febraury 2011 The US saw a long list of class actions filed by angry foreign investors appearing in its courts in 2008, as the financial crisis took hold. Now, three years later, Pension Funds Insider asks how European pension schemes can still pursue such claims, after restrictions have been placed on pursuing non-US firms on American [...]
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Northern European pension schemes are losing out by not actively pursuing class actions explains Stephen Everard, GOAL Group. Class actions have long been prevalent in the US courts. According to Advisen, securities class action suits experienced a surge in the second quarter of 2010, then stabilised in the third quarter. However, class actions are not [...]
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9 January 2011 Un nouveau rapport du groupe GOAL, le spécialiste mondial des services de recours collectifs (aussi appelés « class actions » ou « actions collectives ») estime que, dans les prochaines années, les fonds de pension français vont obtenir une réparation de 216 millions d’euros aux Etats-Unis dans le cadre d’actions collectives portant sur les pertes subies [...]
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Vivendi announced today that Judge Richard Holwell of the United States District Court for the Southern District of New York has dismissed the claims of all purchasers of Vivendi’s ordinary shares and has limited the case to claims of certain purchasers of Vivendi’s American Depositary Shares. This ruling, which was expected after the decision of [...]
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Funds with the belief that corporate wrongdoing has affected their returns should not shy away from the courts, says Stephen Everard, managing director at GOAL Group According to the latest research from Stanford Law School and Cornerstone Research, the number of US securities class action filings has fallen slightly compared with the same period last year. Yet does that mean that [...]
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European Pensions 2010 – December By Dave Adams The value of investments, as we all know, can go down as well as up. Some you win, some you lose. But if you lose as a result of fraud or mismanagement there is, in some jurisdictions, the option of redress through securities class action litigation. But [...]
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Investment International 20th December 2010 Dutch and UK pension funds ravaged by losses now seeking class action to recover investments Northern European pension funds are set to try to recuperate €3.9 billion in class action law suits connected to losses suffered at the peak of the financial markets crisis in 2008, according to a new [...]
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Pension Funds Online At the peak of the economic crisis in 2008, Northern European pension schemes lost a total of €450 billion of their portfolio value, of which €60 billion (£51 billion) was in their US investments. One third, €27.4 (£21billion) were attributed to UK pension funds. Within the Northern European territory, around 7% of those losses [...]
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Goal Group, the class action specialists, is pleased to announce receiving compensation of approximately USD 1.3 million for its clients and their underlying customers in the SCOR Holding (Switzerland) AG distribution
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Scheme Xpert - 22 October 2010 A number of UK pension schemes are set to miss out on the opportunity to recover £368m through US securities class action, a report has claimed. The Goal Group – a class action service provider – estimated that if current UK schemes’ participation rates to class actions do not improve, [...]
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Pensions Management Magazine – November 2010 A report from Goal group claims £1.4 billion will be recouped from by UK pension funds participating in US class actions connected to losses suffered during the recession. UK pension funds collectively lost £21 billion on their US investments in 2008 according to the class action specialists. However, if class action participation [...]
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Die Verluste, die Pensionsfonds in ganz Nordeuropa im Jahr 2008 gemacht haben, waren laut Goal Group so hoch, dass bisher nur ein Bruchteil zurückerlangt wurde. Es werde einige Jahre dauern, bis eine Lösung oder Einigung zustande kommt. Laut einer Studie der Nera Consulting waren Ende 2009 mehr als vier Fünftel aller Fälle, die mit der [...]
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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 [...]
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Goal Group, the class action specialists, is pleased to announce receiving compensation of approximately USD 1.8 million for its clients and their underlying customers in the RAIT Financial Trust distribution.
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However, GOAL warned schemes risk missing out on £368m of recoverable funds by failing to participate in class actions. “This is a wake-up call to pension funds that are currently missing out on their legal right to claim damages through the US courts,” it said. West Midlands Pension Fund senior investment manager – equities & [...]
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UK/US – UK pension funds will recoup £1.4bn ($2.2bn) in US class action lawsuits following losses suffered at the peak of the financial crisis, a report reveals. Research conducted by GOAL Group found North European pension funds lost £51bn on their US investments in 2008 – some £21bn of which was attributable to UK schemes. [...]
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Published by pensions.co.uk: 8th October 2010 UK pension funds are expected to recoup GBP1.4 billion in class action lawsuits in the US after losses suffered during the financial crisis, it has been revealed. The study, by the GOAL Group, reported that pension funds in North Europe lost a total of GBP51 billion on their US [...]
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A new report from GOAL Group highlights losses suffered by pension funds in Northern Europe and amounts likely to be recouped through securities class actions A new report from GOAL Group, the global class action services specialist, shows that over the next few years, £1.4 billion will be recouped by UK pension funds participating in [...]
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By Sophia Grene Published by The Financial Times: September 26, 2010 Foreign investors in companies sued for corporate misbehaviour in the US could be penalised by a recent Supreme Court ruling. Pension funds in Europe, for example, will no longer be entitled to compensation ordered by the US courts from companies found to have misled [...]
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Financial Times – 17/09/2010 Thousands of private investors in overseas shares and exchange traded funds (ETFs) based abroad could be paying more tax than necessary on dividends by failing to file foreign ownership paperwork or not claiming back excess deductions. So-called withholding tax deductions of as much as 30 per cent in the US – [...]
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Goal Group, the class action specialists, is pleased to announce receiving compensation of approximately USD 1.2 million for its clients and their underlying customers in the Raytheon distribution.
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Goal Group, the class actions law firm, is glad to announce receiving compensation of approximately USD 3.5 million for its clients and their underlying customers in the Royal Dutch Shell SEC distribution.
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Goal Group, the class actions law firm, have successfully passed the annual ISO9001:2008 audit thereby retaining their accreditation. Saghar Bigwood, Executive Director comments “this accreditation is testament to the quality-driven work ethic which prevails throughout all areas of our business and underlines our commitment to continuous improvement”.
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A class action firm says super fund managers are failing to claim billions. Superannuation and asset managers in Australia had failed to claim a combined $3.5 billion in compensation from 2007 to 2009, said London-based Goal Group, a class action services specialist. Of this total, $1.8bn belongs to corporate and industry superannuation funds, while $1.7bn [...]
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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 [...]
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Coughlin Stoia Geller Rudman & Robbins was involved in the most shareholder class action settlements in 2009 and handled the most compensation to shareholder as a result, according to research conducted by RiskMetrics. The Securities Class Action Services (SCAS) top 50 study found Coughlin & Co helped their clients to agree 34 shareholder settlements in [...]
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It is understood that an American law firm, Brodsky & Smith, has announced a class action lawsuit in the United States District Court for the Southern District of New York seeking to recover damages on behalf of people who invested or purchased common stock of The Goldman Sachs Group, between the 5th of Feb 2007 [...]
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Goal Group, the class action specialists, is pleased to announce receiving compensation of approximately USD 2.7 million for its clients and their underlying customers in the Lucent Technologies distribution.
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Goal Group, the class action specialists, is pleased to announce receiving compensation of approximately USD 1.9 million for its clients and their underlying customers in the General Motors distribution.
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Goal Group, the class action specialists, is pleased to announce receiving compensation of approximately USD 1.3 million for its clients and their underlying customers in the Krispy Kreme distribution.
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The main goals of the class actions mechanism are generally viewed as improving corporate governance and strengthening shareholder rights – in other words, encouraging corporate management to behave honestly and responsibly and provide a means of redress if this doesn’t happen. It is therefore, disappointing that the proposed amends to the Financial Service Bill will [...]
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Goal Group, the class action specialists, is pleased to announce receiving compensation of approximately USD $4.4 million for its clients and their underlying customers in the Qwest Communication distribution.
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By Emma Sadowski Published by City AM: 15th April 2010 BANKS have walked away from potentially paying out billions of pounds in class action settlements, after a clause in the Financial Services Bill surrounding the matter was struck before the bill passed though parliament. The Financial Services Bill, which reached Royal Assent during the wash-up [...]
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Legal firm Goal Group said the government’s decision to drop class action mechanism for disputes with financial services firms from new legislation was “disappointing”. Stephen Everard, managing director at Goal Group, said there was a need for class actions to be included in the bill. He said: “The main goals of the class actions mechanism [...]
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Shareholder rights and scheme governance will suffer from the government’s decision to not allow class actions for financial institutions. Outspoken corporate governance advocate Lord Paul Myners’ decision to omit the relevant clauses from the financial services bill during the ‘wash-up’ period, in which bills are rushed through in time for the next parliament, has angered [...]
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De kredietcrisis bracht een nieuwe golf schadeclaims op gang. Esther Gotink schrijft over de kansen en valkuilen van procederen Voor OPG was het een lichtpuntje na donkere beleggingsdagen: het farmaceutische pensioenfonds kreeg een deel van de schade vergoed die het had geleden door het Lehman-faillissement. De rechtbank in Amsterdam stelde het fonds in het gelijk [...]
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NEW YORK (Reuters) – Settlements of U.S. class action securities lawsuits rose 39 percent in 2009, and the amounts could rise further as cases stemming from the financial crisis work their way through the courts. There were 103 settlements totalling $3.83 billion last year, up from 97 settlements totalling $2.75 billion in 2008, according to [...]
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Australian investors are reportedly losing out on billions of dollars by failing to take part in securities class action settlements involving US companies. A study by Goal Group, a class action services specialist, found that superannuation and asset managers in Australia had failed to claim a combined $3.5 billion in settlement funds from 2007 to [...]
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Goal Group, the class action specialists, is pleased to announce receiving compensation of approximately USD 1.8 million for its clients and their underlying customers in the Merrill Lynch distribution.
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Nederlandse pensioenfondsen verloren in de periode van 2006 tot 2008 naar schatting e107 miljard aan beleggingen. Dat staat in een nieuw rapport van GOAL Group, specialist in collectieve schadevorderingen ofwel class actions. GOAL Group stelt wel dat ca. e1,8 miljard van deze verliezen wordt terugbetaald aan Nederlandse pensioenfondsen die deelnemen aan (voornamelijk Amerikaanse) class action [...]
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Nederlands Pensioen & Beleggingsnieuws De kredietcrisis bracht een nieuwe golf schadeclaims op gang. Esther Gotink schrijft over de kansen en valkuilen van procederen Voor OPG was het een lichtpuntje na donkere beleggingsdagen: het farmaceutische pensioenfonds kreeg een deel van de schade vergoed die het had geleden door het Lehman-faillissement. De rechtbank in Amsterdam stelde het [...]
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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 [...]
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Published by managersonline.nl: 4th February 2010 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 [...]
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Goal Group, the class action specialists, is pleased to announce receiving compensation of approximately USD 1.4 million for its clients and their underlying customers in the Vivendi distribution.
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Published by Actuaris: 25th January 2010 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 [...]
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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 [...]
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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 [...]
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Goal Group, the class action specialists, is pleased to announce receiving compensation of approximately USD 1.4 million for its clients and their underlying customers in the Xerox distribution.
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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 [...]
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Financial Times Article - 'Court and spark'
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Engaged Investor Article - 'Entitled to Recovery'
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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 [...]
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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 [...]
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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 [...]
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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 [...]
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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 [...]
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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 [...]
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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 [...]
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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 [...]
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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 [...]
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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% [...]
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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 [...]
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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 [...]
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Goal Group, the class action specialists, is pleased to announce receiving compensation of approximately USD 4.3 million for its clients and their underlying customers in the AIG distribution.
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Goal Group, the class action specialists, is pleased to announce receiving compensation of approximately USD 1.5 million for its clients and their underlying customers in the IBM distribution.
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Goal Group, the class action specialists, is pleased to announce receiving compensation of approximately USD 2 million for its clients and their underlying customers in the Motorola distribution.
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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, [...]
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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 [...]
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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 [...]
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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 [...]
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Goal Group, the class action specialists, is pleased to announce receiving compensation of approximately USD $18.4 million for its clients and their underlying customers in the Tyco International distribution.
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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 [...]
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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 [...]
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Public Sector finance chiefs set to join class action against bank over huge losses 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 [...]
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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 [...]
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Goal Group, the class action specialists, is pleased to announce receiving compensation of approximately USD 5.1 million for its clients and their underlying customers in the Enron distribution.
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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 [...]
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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 [...]
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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 [...]
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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 fast 12 [...]
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Goal Group, the class action specialists, is pleased to announce receiving compensation of approximately USD 1.2 million for its clients and their underlying customers in the General Motors distribution.
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Goal Group, the class action specialists, is pleased to announce receiving compensation of approximately USD 27.1 million for its clients and their underlying customers in the Nortel distribution.
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Goal Group, the class action specialists, is pleased to announce receiving compensation of approximately USD 5.3 million for its clients and their underlying customers in the PNC Financial distribution.
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Goal Group, the class action specialists, is pleased to announce receiving compensation of approximately USD 1.6 million for its clients and their underlying customers in the Computer Associates distribution.
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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 [...]
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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 [...]
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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 [...]
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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 [...]
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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 governance [...]
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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 [...]
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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 [...]
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Goal Group, the class action specialists, is pleased to announce receiving compensation of approximately USD $3.1 million for its clients and their underlying customers in the Sear Roebuck distribution.
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Goal Group, the class action specialists, is pleased to announce receiving compensation of approximately USD $8.5 million for its clients and their underlying customers in the Royal Ahold distribution.
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Goal Group, the class action specialists, is pleased to announce receiving compensation of approximately USD 24.6 million for its clients and their underlying customers in the AOL Time Warner distribution.
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Goal Group, the class action specialists, is pleased to announce receiving compensation of approximately USD 1.7 million for its clients and their underlying customers in the Globalstar distribution.
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Goal Group, the class action specialists, is pleased to announce receiving compensation of approximately USD 1.1 million for its clients and their underlying customers in the CVS Corporation distribution.
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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 [...]
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Goal Group, the class action specialists, is pleased to announce receiving compensation of approximately USD 20.3 million for its clients and their underlying customers in the Worldcom distribution.
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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 [...]
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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 [...]
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