From documentation audits to remittance and reporting challenges, class action recovery has become more complex and burdensome for investment firms.
FRT’s Bill Kidder (COO), Malav Mehta (VP, Product Management) and Alli McGrath (VP, Client Success) recently provided a closer look at common operational challenges and how we work with clients to navigate them.
Key takeaways from the session:
- Securities class action recovery is more complex due to evolving requirements and enhanced scrutiny of filings, making specialized expertise a necessity today.
- The growth of documentation audits in class actions and Fair Funds has been dramatic. Responding effectively requires repeatable processes and creative solutions.
- The best claim deficiencies are the ones that never occur. Technology can drive proactive identification and correction of deficiencies before they happen.
- Modern class action programs need oversight across the full case lifecycle, with the ability to track where claims stand to manage recoveries accurately and on time.