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In the field of securities-related lawsuits, Class Action Services offers the solution for investors entitled to rewards. CAS manages the complete claims submission process – from identifying settled lawsuits and determining eligibility to compiling claims and negotiating maximum payouts.
The lengthy timeframe between beginning a class period and the distribution of funds is the main reason many claims are not filed. Through mergers, dispositions, custodian changes, and IT changes, data continuity gets challenged. The owner of assets is responsible for accurately filing claim forms. Custodians are rarely under any obligation to do so.
Most responsible investment managers sincerely believe their staff or counsel is filing claims and recovering the most losses possible. In truth, more than 70% of all claims are not filed or are filed incorrectly and result in NO recovery. (See Fiduciary Responsibility).
In many cases our clients were disappointed in learning their trusted counsel had either not filed their claim form or had not properly calculated the “recognized loss” in turn leaving them unaware of how much money they should recover. (See Recognized Loss).
Unlike other third party providers of filing services, CAS offers the full service solution. We identify upcoming claims, analyze all relevant trade data to determine and specify the claim amount, accurately file each claim a client is able to file, and follows up with each claim administrator to verify the claim amount. Throughout our eleven-year history, Class Action Services has analyzed and filed over 200,000 claims.
Our extraction and normalization procedures are tuned for these challenges. We find data for the client, sort it, calculate the recognized loss, file the claim forms and work closely with the claim’s administrator over the transaction until the correct recovery is made.
Class Action Services will calculate the exact amount our clients should recover from securities class action settlements. We handle filing all claims and work with administrators to ensure our clients recover the most money possible.
Competitors claim to have similar capabilities, but in reality do not compare.
- No other firm has translated all 1,182 settlements to computer code.
- No other firm is capable of calculating the exact amount of recovery for a client.
The Class Action Services system has been built and perfected upwards of eleven years. In that time we have filed over 200,000 claims forms. No human (or team of humans) is as accurate or as complete.
No other firm has been able to replicate the complexity, scope and accuracy of our system.
Class Action Services works on a performance basis. If we do not recover losses for our clients, the service costs you nothing.
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