Securities Class Action Claims Administration

Trusted partner for handling the notice and administration of securities litigations of all types and levels of complexity.

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We provide comprehensive notice and administration solutions for securities litigation involving common or preferred stock, notes, bonds, IPOs, options, American depositary receipts (ADRs), complex financial instruments and commodities. Our team maintains a proprietary list of banks, brokers and nominees and understands the complexities of noticing and processing claims on behalf of these entities.

First Company to Administer a Securities Class Action Settlement

When we handled the Atlantic Department Stores securities class action settlement in 1974, our team was the first to do so. Since then, we have administered hundreds of cases and distributed billions in settlement benefits. Many of the processes we created are still used in securities matters today, and we continue to innovate with industry-leading technology, a deep bench and fresh approaches.

Specifically, our securities team has considerable experience handling a variety of securities administration matters with varying complexities, including but not limited to:

  • Processing and calculating recovery amounts for several types of securities, including common stock, American Depositary Receipts, preferred stock, call and put options, mortgage-backed securities, LEAPS, and bonds processing and calculating recovery amounts for several types of distributions, such as multiple funds, foreign currencies, share distributions and electronic payment distributions and merger administrations that include partnering with The Depository Trust Company (DTC)
  • Drafting and formulating class action notices and SEC plans of distribution
  • Crafting unique notice and administration programs to accommodate cases with large volumes of class members and limited budgets
 

Complete In-House Team to Administer Securities Class Action Settlements and Damage Awards

We do not rely on third-party services for the financial, tax, audit and accounting analysis required to administer a securities class action settlement. Our in-house staff has the experience and skills required to develop settlement fund distribution algorithms, draft plans of allocation and confirm and verify claim validity before any distributions. Our team also includes tax professionals who monitor the tax impacts of transactions under Section 468(B) of the Internal Revenue Code.

Advanced Notice Practices for Securities Class Action Administration

Layers of confidentiality can make reaching class members in securities class actions challenging. Our team communicates with all interested compliance departments every step of the way and we maintain a proprietary database of brokers, financial institutions, transfer agents and other professional entities to reach securities shareholders in a timely and efficient manner.

Unique Securities Platform

Our industry knowledge and proprietary administration platform, custom built specifically for securities cases, enables communication with shareholders while ensuring secure, efficient case administration. We maintain a proprietary list of banks, brokers and nominees and understand the complexities of noticing and processing claims on behalf of these entities.

Enhanced Fraud Control Identifies Suspicious Securities Claims

We use advanced control processes in the administration of all securities class action settlements to reduce fraudulent claims and distribution checks. Our internal processes are designed to go beyond stringent industry standards, mitigate risk, comply with security and processing integrity, and protect confidentiality. Learn more about our comprehensive, in-house class action services.

Our team provides unparalleled securities class action settlement administration services. We understand the nuances of securities litigation and can help prevent potential problems before they occur.

Contact us to schedule a consultation.

Related Team

Connect with us

Randall Burkholder
Randall Burkholder
Managing Director
Settlement Administration
New York
Phone
Angela Ferrante
Angela Ferrante
Managing Director
Settlement Administration
New York
Phone
Justin Hughes
Justin Hughes
Senior Director
Settlement Administration
San Francisco
Phone
Lori L Castaneda
Lori L. Castaneda
Senior Director
Settlement Administration
San Francisco
Phone
Mark Rapazzini
Mark P. Rapazzini
Senior Director
Settlement Administration
Silicon Valley
Phone
James Prutsman
James R. Prutsman
Senior Director
Settlement Administration
Philadelphia
Phone
Lynn Gatto
Lynn Gatto
Director
Settlement Administration
Phone
Hollie Spicer
Hollie Spicer
Director
Settlement Administration
Chicago
Phone

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Contant v. Bank of America (FX Indirect Antitrust)

  • Over $23 million settlement
  • Over 10,000 claims filed to date
  • Over 100,000 notices sent
  • Currency related complex financial instrument/antitrust matter
Contant v. Bank of America (FX Indirect Antitrust)
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Settlement Administration


What Makes Securities Plans of Allocation Complicated?

Mar 03, 2021

by Edward J. Radetich