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Browse: Home / 2012 / January / 19 / Dutch Court Holds Collective Securities Settlement to Be Binding — The D&O Diary

Dutch Court Holds Collective Securities Settlement to Be Binding — The D&O Diary

By Securities Docket on January 19, 2012, 2:46 pm

On January 17, 2012, in a development with important implications for the evolution of post-Morrison remedies for non-U.S. investors, a Dutch court has held for the first time that a collective securities settlement is legally binding. Of even greater significance, the decision arose in a circumstance where none of the liable parties and few of the claimants were domiciled in the Netherlands. The court’s action suggests the possibility of a potentially important mechanism for aggrieved investors who bought shares outside the U.S. to obtain compensation.

via Dutch Court Holds Collective Securities Settlement to Be Binding : The D&O Diary

Posted in Class Actions, Global | Tagged Morrison, Netherlands, Settlements, Web Watch

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