Claims Filing Services

Every year, millions of dollars in settlement funds are distributed to eligible shareholders as a result of securities class action law suits. Institutional investors hold fiduciary responsibility to keep up to date on law suits involving investments they made on behalf of their clients.

But, securities class action claims filing is complex and resource intensive. Errors and omissions frequently occur at each stage of the process. As a result, many institutional investors fail to file or improperly file their claims, resulting in nearly 1/3 of all claims being dismissed before a settlement can be reached. Each year, 65 percent of available funds, totaling billions of dollars, have gone unclaimed due to missed opportunities by institutional investors.

  • Financial Recovery Technologies’ class action services can manage the claims filing process from start to finish, ensuring that each step is efficiently handled by a team of securities class action experts. FRT’s recovery services turn the administrative burden of securities class actions into maximum returns for investors.

Using an advanced recovery technology platform, expert processes, and experienced professionals, FRT will:

  • Identify all eligible security positions
  • Precisely calculate recognized loss
  • Handle payment to investors
  • Conduct disbursement audits
  • Perform all necessary client reports

How FRT’s technology works
With our proprietary database, our system automatically matches your trading history against thousands of settled and active class action cases. FRT’s systematic process lessens the likelihood of missed opportunities. FRT delivers the highest level of accuracy, accountability and reliability with an impeccable track record of helping investors of all types efficiently recover all the funds to which they are entitled. FRT’s comprehensive process includes:


FRT proactively scours industry data sources to identify all cases and to ensure that every possible filing can be made. This is in contrast to many back-office operations that are reliant on receiving and reacting to paper notifications which can be easily missed or sent to the incorrect address.

Analysis & Matching
FRT electronically compares a client’s trading history against our proprietary database to ensure that all relevant matches are evaluated against open class action cases and that filings are properly prepared. The integrity of the data is critical – filings with inconsistent transaction codes or data are routinely rejected by claims administrators, often without notification to the filer. Once the data has been verified and normalized, the filings must reflect the exact specifications of that claim’s particular plan of allocation.

Once all of the applicable investment positions have been identified, matched and validated, the filings are prepared and submitted to claims administrators. FRT has well-established relationships with these administrators, which allow us to know exactly what is required for a complete and acceptable filing. These relationships also provide us with a basis to dispute an administrator’s calculations when we believe them to be inaccurate.

Allocation & Reporting
When the claims administrator distributes the settlement funds, FRT calculates the recognized loss for each claim. We then confirm that the amounts received from the claims administrator are correct and are properly allocated to each individual fund. Finally, FRT provides each client with detailed, regularly distributed reports that provide a complete accounting and audit trail for future reference.

Our comprehensive reporting system helps you manage your internal and external compliance requirements. You will be kept current on the status of all your filed claims, receive accurate escrow and bank transfer accounting reports, and view potential and pending settlement recovery analysis reports.

To obtain sample reports, please contact us.