Analysis & Re-Filing Increases Client's Return by over 150%
For a new client, we analyzed their trading history to check their previous filings for accuracy and completeness. Our analysis uncovered that for the American Tower case the client’s filing was incomplete and we re-filed on their behalf. The client’s previous claims resulted in $71,300 in payments, however utilizing our proprietary process we were able to identify additional claims. As a result, FRT recovered $119,300 in additional funds, resulting in a 167% increase in the overall funds to the client.
FRT's Relationships & Proprietary Technology Secure over $2 Million for a New Client
For the Huntsman Corporation case, FRT filed claims that were originally rejected as being too late. This was a new client where we received their data after the administrator was finished accepting claims. After many discussions we were able to get the administrator to accept the filing although when it came time to pay out the administrator insisted that the filing had no value. We immediately demonstrated to them that, per our calculations, this was not correct and FRT succeeded in securing over $2,360,000 in recovered funds.
Internal Technology Identifies Multiple Missing Cases & Incorrect Calculations by a Client's Custodian
A Fortune 100 Company (Co) who currently uses a custodian to process securities class action filings for their pension plan provided us with a data set for the purposes of comparing our performance to theirs. In the resulting comparison, we identified nine settlements where the firm was entitled to file for and receive settlement recoveries. The custodian had only identified six of the nine settlements, and of those had failed to recover the correct dollar amount for each of them. The three other settlements that the custodian failed to identify represented $900K of additional recoveries.