Member and Chair of Mintz’s Institutional Investor Class Action Recovery Practice Peter M. Saparoff co-authored an article with C. Meyrick Payne of Management Practice Inc. published in the December 2019 issue of Fund Directions Magazine that provides legal considerations for mutual fund managers seeking to increase shareholder returns through “soft assets,” such as securities class action recoveries and rebates of foreign taxes withheld, among others.
Key takeaways from the article include:
- Recoveries from class action suits are key “soft assets” that funds’ must maximize
- Recoveries vary but can be over 100% of recognized losses, and are often over 30% of recognized losses
- The best way to maximize class action recovery is to engage a firm with specialized expertise
Read the full article here.
Fund Directions Magazine