Case Study: Substantial recovery with FRT after missed filing from Custodian

FRT Admin
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April 16, 2019

$1M Recovery Collected After Missed Filing from Custodian

Prior Filing Strategy: Custodian
FRT Success: A $51B Superannuation Fund became an FRT client after relying on their custodian to process shareholder class action claims under the assumption that global matters were included, in their traditional custodial offerings for recovery efforts of shareholder class action claims. FRT discovered that as a result of the custodian relationship and the gap in class action coverage it created, a major filing was missed on behalf of the client. If the client had maintained a “legacy process & approach” to servicing shareholder litigations, this $1M+ would have gone by the way side.

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Founded in 2008, Financial Recovery Technologies (FRT) is a leading technology-based services firm that helps the investment community identify eligibility, file claims and collect funds made available in securities and other class action settlements. Offering the most comprehensive range of claim filing and monitoring services available, we provide best-in-class eligibility analysis, disbursement auditing and client reporting, and deliver the highest level of accuracy, accountability and transparency available. For more information, go to www.frtservices.com.

 

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