PHILADELPHIA – Stradley Ronon Partners Keith R. Dutill, Joseph T. Kelleher and Marissa Parker presented a webinar for the Mutual Fund Directors Forum on Nov. 15. The webinar, entitled, “Opt-In or Opt-Out: The Changing Landscape of Securities Class Actions and Its Impact on Mutual Funds,” discussed the data driving the growing opt-out trend among mutual funds, the increase in foreign securities litigation, and the policies and procedures needed to address these issues moving forward.
Dutill, Kelleher and Parker are members of Stradley Ronon’s investment management litigation practice group which represents investment companies, institutional investors, investment advisers and independent directors in a broad spectrum of litigation matters, including opt-out litigation. Among other matters, the group represented more than 100 mutual funds and institutional investors in securities fraud opt-out actions against Petrobras arising from the Brazilian oil industry giant's long-running bribery and kickback scheme and overstatement of assets and prosecuted class-action opt-out claims on behalf of 20 mutual funds and institutional investors harmed in the billion-dollar Satyam Computer Services Ltd. securities fraud.
About Stradley Ronon
Counseling clients since 1926, Stradley Ronon has helped private and public companies – from small businesses to Fortune 500 corporations – achieve their goals by providing pragmatic, value-driven legal counsel. With offices in eight strategic locations, our responsive team of more than 200 attorneys seamlessly addresses the full spectrum of our clients’ needs, ranging from sophisticated corporate transactions to complex commercial litigation.