FRT successfully challenges a client’s initial “Ineligible Security” rejection from the administrator

FRT Marketing
August 25, 2022

FRT Success: As part of FRT’s process, we review deficiencies and challenge claims administrators when we believe they have incorrectly rejected a claim. FRT received an “Ineligible Security” rejection notice for a claim on an account for a $4b+ AUM hedge fund. Our Case Specialist team analyzed the notice and was able to validate that the transactions for the account in question were indeed eligible. Our Claims Team validated our filing submission and reached out to the Claims Administrator and was able to reverse the rejected claim. We do this for all our clients regardless of the recovery amount.

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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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