US class action firm enters German alliance

US securities class actions firm Schiffrin & Barroway has linked-up with German firm Winheller Attorneys at Law, in a bid to protect European investments in US securities.

Schiffrin & Barroway has entered into a formal alliance with Frankfurt-based firm Winheller to support the increasing number of European institutional investors bringing securities or derivatives class action litigation as a result of breaches in US securities law.

Winheller name partner Stefan Winheller told The Lawyer: “European investors, including non-profit organisations, lose millions of dollars each year because they simply don’t know that they can recover their losses as a result of violations of US securities law.”

The alliance will enable the roll out of Schiffrin & Barroway’s ‘securities tracker’ advice service, which aims to identify potential claims for damages as a result of corporate malfeasance, to clients in Germany, Austria and Switzerland.

Schiffrin & Barroway partner Darren Check said: “We believe we can help in Germany and we chose Winheller as the firm has familiarity on both sides of the Atlantic.”

Philadelphia-headquartered Schiffrin & Barroway focuses on advising on shareholder litigation and is currently advising investors in lawsuits against Delphi Corp and Viacom.

Winheller specialises in business law and advising non-profit organisations.