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Keith Dutill Speaks to Ignites about Mutual Funds Opting Out of Class Actions

April 10, 2015
Press Clippings

Stradley Ronon Partner Keith Dutill discussed with Ignites why more mutual funds are opting out of class actions and pursuing legal claims independently, and also weighed in on the benefits of bringing lawsuits overseas that aren't available to class-action plaintiffs.

“There’s clearly been more interest in direct actions by mutual funds,” says Keith Dutill, partner at Stradley Ronon. One driver in the U.S. is that the median amount recovered through a class action has been a fraction of what funds have collected by “opting out” of class actions and litigating claims on their own.

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