Case Study: US Hedge Fund Switches from In-House to FRT for their Class Action Recovery

FRT Marketing
FRT Marketing
August 25, 2022

US HEDGE FUND SWITCHES FROM IN-HOUSE TO FINANCIAL RECOVERY TECHNOLOGIES FOR THEIR CLASS ACTION RECOVERY

Analysis reveals over $2m in missed recovery opportunities. $1.2m recovered within the first six months.

Prior Filing Strategy: Client managed their class action recovery in-house, which they thought had them covered.

Client’s Objective: Improve their class action recovery process to be more proactive, effective to maximize recoveries

  • Didn’t pay much attention to class action recoveries as returns had been minimal
  • Reduce burden on their team that found their in-house process to be reactive and ineffective
  • Ensure they were truly covered for all recoveries

Analysis of Client’s Process

  • Our analysis showed that client missed money due to them.
  • Client had missed more than 15 recent cases relevant to them, with total recognized losses of $50+ million
  • FRT’s analysis estimates +$2m in recoveries from these missed cases. FRT was able to file late claims for these cases

FRT Success:

  • Immediate and substantial contribution to the bottom line: FRT was able to identify and file for 15 cases client had missed filing. Client has already recovered $1.2m from these cases in the first six months of coming onboard.
  • Data Integration reducing operational burden: Client benefits from third-party data integration enabling a quick onboarding process of their data. This allowed FRT to file quickly on cases that had been missed.
  • Effective claims recovery process in place that makes almost no demand on client’s own resources: FRT’s 140+ employees all solely focused on securities class actions recoveries with 80% dedicated to Legal & Research, Client Service and Operations.
  • Comprehensive solution: Client benefited from expanded coverage and recovery opportunities across all types of cases including non-US and Antitrust
ABOUT FINANCIAL RECOVERY TECHNOLOGIES
SETTLED  I  NON-US GLOBAL OPT-IN  I  ANTITRUST  I  GLOBAL PASSIVE  I  DIRECT OPT-OUT  I  BUYOUTS

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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