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Lead Plaintiffs Global Assists Global Institutions to Choose the Right US Securities Class Actions Law Firms on a Case by Case BasisDelivering Genuine Intelligence Services and Legal Research (May 03, 2012)
NEW YORK, NY -- (Marketwire) -- 05/03/12 -- Lead Plaintiffs Global Ltd. (www.leadplaintiffsglobal.com) is a unique organisation which enables financial institutions to choose among the best US Securities Class Actions law firms, the one who will best suit their needs.
Based on its historical database of the track records of US Securities Class Actions law firms, and with its team of US Securities Class Actions lawyers, Lead Plaintiffs Global Ltd. (LPG) will, on a case by case basis, send detailed reports to each of its financial institution members regarding the law firms involved. This will result in a much better capability to choose the right law firm for a specific case. "We provide a comprehensive solution to assist institutional investors and financial institutions in choosing the most experienced US Securities Class Action law firm(s). We specialise in consulting for US Securities Class Action lead and opt-out plaintiffs and have close relationships with the finance industry. Also, we provide the investment community superior intelligence collated with the aim of maximising the recovery of outstanding funds as a result of US Securities Class Actions," said Gerard Sillam, CEO, who has operated in the industry since 2006 and through First International Claims Filing Inc., www.firstinternationalclaims.com, since 2008.
LEAD PLAINTIFFS GLOBAL's unique proposition enables institutions to maximise their recoveries because of the increased odds of achieving the best possible Settlement or Court Award, on behalf of the whole class. "Some law firms have, in the past, been able to negotiate settlements with defendants other than the main securities fraud perpetrator as, for example, in the Enron case, which has resulted in the highest recovery in the history of US Securities Class Actions because of a settlement with third parties. Other law firms would not necessarily have achieved such a result. We are currently in contact with International Institutional Investors who in aggregate are currently managing more than $9.7 Trillion," said Sillam.
NEW OFFICES IN NEW YORK AND CHICAGO
In order to develop its relationships with major US Institutional Investors and the best US Securities Class Actions law firms, Lead Plaintiffs Global Ltd. is opening a New York office, on 590 Madison Avenue at the beginning of May. Gerard Sillam has a long history of working closely with the top US Securities Class Actions law firms. In opening an office in New York, he expects to establish numerous partnerships with leading US Institutional Investors before the end of this year. "We already have a US law firm working for us in Dallas, Texas and we expect to have our team of US Securities Class Actions lawyers from June 1st, working from our New York and Chicago offices." The New York office is opening in May and a second office will open in the Willis Tower in Chicago on June 1st. Lead Plaintiffs Global Ltd. is planning on opening several offices in the US, Asia and Europe in the near future.
Notes for editors
1. Gerard Sillam - CEO
Gerard began his career developing commercial and residential real estate in Paris. Following this he became a representative for a major futures broker. More recently he established First International Claims Filing Inc. to enable institutions to recover money outstanding from securities litigation processes. Gerard has organised more than 100 conferences and meetings between major US Securities Class Actions law firms and financial institutions managing between 100 billion Euros and 1.4 trillion Euros in the following countries: France, Belgium, Luxemburg, Italy and Spain. Gerard has been a major player in the education of the French and Belgian Asset Management industries in regards to US Securities Class Actions since 2006.
Dr Jeremy Penn - Senior Advisor
Before coming to work with Gerard, Jeremy spent four years with systematic hedge fund GLC, providing investors with an insight to the workings of the firm's models and their research process. This built on the previous four years of his career structuring and pricing derivatives from Peleton Partners and Credit Suisse. Jeremy holds a PhD from the University of Bath and an MMath from the University of Cambridge.
2. Lead Plaintiffs Global Ltd. was established in February 2012 and launched its website (www.leadplaintiffsglobal.com) on April 2012. The London office is located at Berkeley Square House, Berkeley Square, London, W1J 6BD.
3. Lead Plaintiffs Global Ltd. is opening a New York office on May 9th, located at 590 Madison Avenue, 21st Floor, NY 10022.
4. Lead Plaintiffs Global Ltd. will open a Chicago office on June 1st, located at Willis Tower, 233 South Wacker Drive, Chicago, IL 60606.
For further information, please call
+ 44 (0)20 3445 0211
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