Background: The VW emissions scandal in 2015 caused the VW stock price to fall by nearly 30% and prompted a wave of competing shareholder proceedings in various jurisdictions to recoup substantial investor losses. As part of the IP Opt-In Litigation service we analysed eight competing Opt-In group shareholder actions. Each had a different strategy, legal team, structure, costs/fees and risk profile. IP Clients had lost hundreds of millions of dollars and, as for other Opt-In cases, needed to ensure they joined the right case.
IP Action: IP identified which clients were affected by which case and provided loss analysis for each case. We also provided our affected clients with our IP Case Evaluation, which reviews all cases on offer in detail and provides a wholly independent recommendation as to which case is recommended and why. This allows our clients to rely on this advice. We negotiated terms and fees, further saving our clients’ money and protecting their interests.
Result: IP ensured that our clients had independent legal advice that they could rely on to ensure that they joined the best case on the best terms.