Check out my new
   article: [1]https://litigationfinancejournal.com/the-e1-4b-steinhoff-se
   curities-fraud-settlement/

   Steinhoff International Holdings NV recently settled the European
   Union’s second largest securities fraud claim, finalizing three years
   of complex contentious negotiations. Steinhoff, a Dutch firm with
   headquarters in South Africa, once operated over 40 retail brands
   across 30 countries. At its pinnacle, Steinhoff was valued at nearly
   €20B … and then in December 2017, Steinhoff disclosed accounting
   irregularities and the stock plunged 90%.

   [2]BurfordCapital.com recently profiled the Steinhoff securities fraud
   scenario through to this month’s resolution.  Announcement of the
   securities fraud situation wiped out €12B in share value, and Steinhoff
   faced nearly €8B in international legal claims.

   As it was not entirely clear if Steinhoff would be operational given
   the overall crisis, Burford was brought in to help victims of the
   securities fraud debacle recover losses. Burford outlines that
   settlement negotiations were forced to employ strategies to overcome
   conflicts of interest due to Steinhoff’s overall precarious financial
   predicament.

   Ultimately, Steinhoff’s settlement provides €800M to shareholders who
   were defrauded by the faulty accounting practices. Deloitte, which was
   Steinhoff’s former auditor, offered an additional €110M in
   compensation. Burford highlights recovering 20%+ of its client’s
   losses, an overall solution that still allows Steinhoff’s business to
   operate in the near-term.
   --
   Gunnar Larson - [3]xNY.io | [4]Bank.org
   [5]MSc - Digital Currency
   [6]MBA - Entrepreneurship and Innovation (ip)
   G@xNY.io
   +1-646-454-9107
   New York, New York 10001

References

   1. https://litigationfinancejournal.com/the-e1-4b-steinhoff-securities-fraud-settlement/
   2. https://www.burfordcapital.com/insights/insights-container/steinhoff-settlement-blogpost/
   3. http://www.xNY.io/
   4. http://Bank.org/
   5. https://www.unic.ac.cy/blockchain/msc-digital-currency/?utm_source=Google&utm_medium=Search&utm_campaign=MSc-Digital-Currency-North-America&utm_term=blockchain unic&gclid=Cj0KCQiAyJOBBhDCARIsAJG2h5ctwwMz0MRbVSk-LaYD-GMU5UgDSw7ynxbGr_a7SkaFAZzJc1-pzxEaAi4NEALw_wcB
   6. https://www.unic.ac.cy/business-administration-entrepreneurship-and-innovation-mba-1-5-years-or-3-semesters/