The National Association of Pension Funds (NAPF) published a new Made Simple guide offering pension funds an introduction to the essential remedies and procedures available to pursue legal claims when affected by securities fraud.
The “Securities Fraud & Investor Remedies Made Simple Guide”, sponsored by the law firm Robbins Geller Rudman & Dowd LLP, is the latest addition to the NAPF’s Made Simple series.
Joanne Segars, Chief Executive, NAPF, commented: “The NAPF’s Made Simple Guides tackle in jargon-free language an array of technical subjects that pension scheme trustees and managers should be familiar with. This latest guide introduces the topic of securities fraud and investor remedies. The cost of financial misconduct can be significant to pension funds, and it’s important that schemes understand what securities litigation is and how claims can be pursued, so that should schemes find themselves the victims of securities fraud they are in a position to make informed decisions on behalf of their members.”
Mark Solomon, who leads RGRD’s international litigation practice, said: “Each year billions of pounds are recovered by investors as compensation for losses they suffer when publicly traded companies and their agents mislead them and financial markets, only for the truth ultimately to emerge. This Made Simple guide introduces pension funds to the core ingredients of securities litigation in the United States, the United Kingdom, Canada and Australia. The guide’s focus is upon the nature, preservation and pursuit of basic claims and remedies available to funds when issuers and their agents defraud them by artificially inflating the prices of securities they purchase.”
The new NAPF Made Simple Guide was launched at the NAPF Local Authority conference at the Cotswolds Water Park Four Pillars Hotel, on Tuesday 19th May, 2015.