Financial Recovery Technologies releases enhanced platform for class action filing & recovery

FRT Admin
Site administrator
February 2, 2016

BOSTON, MASS (February 2, 2016) – Financial Recovery Technologies, LLC (FRT) has released an enhanced securities class action system to provide institutional investors unprecedented transparency into key events in the claim filing lifecycle. The Eligibility, Filing, & Recovery Portal (EFR Portal) contains leading edge functionality in a modernized, intuitive interface.

Historically, investors damaged by corporate fraud have endured an inefficient recovery system that can take 3-12 years to close a class action lawsuit – potentially resulting in investors receiving a check as the result of a settlement and subsequent distribution. Shareholders, even the largest institutional investors in the world, can be unaware that a lawsuit is affecting their portfolios, or that they may be entitled to a settlement.

FRT streamlines the process, and updates clients throughout the litigation lifecycle of identification, eligibility analysis, claim filing, recovery and reconciliation of securities class actions.

“We were excited to invest in enriching the EFR Portal to meet the evolving needs of our current and future clients,” said Rob Adler, President of FRT. “Our expanded offering is unrivaled in the level of transparency and visibility it provides. Clients have a full view of their class action exposures, without the arduous manual process they had grown accustomed to.“

Its upgraded EFR Portal allows clients to quickly access, sort and download data from its full library of historical and ongoing securities class actions, with the security of two-factor authentication.

“FRT’s new Portal is laid out incredibly well, which makes navigating the site a breeze,” said Judy Gregory, Portfolio Administrator at Denver Investments. “Any information I could hope to find about our clients’ cases is easily accessible from the home screen. The new Portal also allows me to search cases for any one particular account, which is very beneficial for our business.”

To request an online demonstration of the EFR Portal, contact FRT.

About Financial Recovery Technologies

Founded in 2008, Financial Recovery Technologies (FRT) is a technology-based services firm that helps the investment community identify eligibility, file claims and collect funds made available in securities 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. Financial Recovery Technologies is a Cross Country Group company (www.crosscountrygroup.com). For more information, go to www.frtservices.com.

Contact:Patrick Sutton
Paragon Public Relations
Patrick@paragonpr.com
+1.646.558.6277

ABOUT FINANCIAL RECOVERY TECHNOLOGIES
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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.

 

This communication and the content found by following any link herein are being provided to you by Financial Recovery Technologies (FRT) for informational purposes only and does not constitute advice. All material presented herein is believed to be reliable but FRT makes no representation or warranty with respect to this communication or such content and expressly disclaims any implied warranty under law. Opinions expressed in this communication may change without prior notice. Firms should always seek legal and financial advice specific to their unique situation and objectives.