Bounty Hunter To Help U.K. Funds Recover In Fraud Suits

Law360, New York (March 27, 2006, 12:00 AM EST) -- A new British company, Institutional Protection Services, has been launched this week in an effort to track down hundreds of millions of pounds owed to U.K. pension funds and financial institutions that are shareholders in U.S. securities class action lawsuits.

The company, which will focus on the wholesale investment market and consists of securities, regulatory and IT experts, has set up a panel of law firms to advise institutions and shareholders on their fiduciary obligations to recover awards in class action cases such as Enron, WorldCom,...
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Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.