Dechert LLP (JD Supra Netherlands)

A closely-watched set of claims stemming back to the 2008 global financial crisis has settled for a massive €1.204 billion (US$1.3 billion), making it one of the highest settlements ever and ushering in a new era in the globalization of securities laws. Several shareholder foundations, led by American plaintiff’s firms, have reached an agreement using Dutch collective settlement procedures to...