FRT Insights Report: Analyzing the Administration of Class Action Settlement Funds

Jenn Rothenberg
May 15, 2023

Administering claims is an integral part of the securities litigation proceedings that gets little attention relative to the legal aspects of cases and settlement values. Claims administrators are the entities responsible for identifying and notifying shareholders, sending them proof of claims forms, processing the significant volume of claim data submitted, verifying eligibility, and determining the amount each claimant gets paid. Billions of dollars are processed by administrators and paid out to shareholders annually.

This report is focused on the crucial, lengthy, and complex process of claims administrations that follow a settlement. Using our own proprietary settlement database, this report exclusively focuses on US and Canadian settled securities class actions, including SEC Fair Fund and other settlement pools.

We hope you find this report informative and useful.

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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.