$1M Recovery Collected After Missed Filing from Custodian
Prior Filing Strategy: Custodian
FRT Success: A $51B Superannuation Fund became an FRT client after relying on their custodian to process shareholder class action claims under the assumption that global matters were included, in their traditional custodial offerings for recovery efforts of shareholder class action claims. FRT discovered that as a result of the custodian relationship and the gap in class action coverage it created, a major filing was missed on behalf of the client. If the client had maintained a “legacy process & approach” to servicing shareholder litigations, this $1M+ would have gone by the way side.