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Corporate pension funds are not fawned over by plaintiff law
firms the way public pension funds are valued. Receiving the attention
for correct claims filing is our commitment to all clients irrelevant
of industry “status.” Class Action Services offers
a performance based fee for historical analysis and future pursuit
of money collected and owed to you.
While checking internal policies is extremely important, the
CAS system is also the only process that will calculate the exact
amount of your recognized losses.
The Class Action Services system determines the recognized loss
and exact amount of money you should have expected compared to
the actual amount received.
The Summary Pending Report provides you with such an accurate
accounting of total recognized losses in class action settlements
and a range of how much you could ultimately expect to recover,
that it can be considered another asset of the fund. We would
argue that you could use this asset of the fund when you’re
doing your asset testing. If you have $400 million in recognized
losses you will probably collect $20 to $40 million over the next
couple of years. It would seem prudent to at least foot note financial
statements with this predictable recovery.
This identifiable, quantifiable recovery is valued by many investors
as a marketable asset. Our clients have been approached by people
willing to buy their recognized losses. Our report is considered
so accurate that these investors will pay you money today to own
the recovery, at a discount and wait for the money to be collected.
We don’t recommend the fund do so unless it really needed
money today.
The fund goes through an asset test every year to determine whether
the fund is fully funded or under funded. This pending recovery
is an asset. Our financial partners would be pleased to bid for
your recognized losses providing additional proof of their worth.
They may even be able to be auctioned off; just the same way you
do to earn extra money in your stock loan activities. This is
where additional money can be brought in today should you need
it.
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