Full-service Claims Filing Service

Securities class actions are being filed and settled at a record pace, yet billions of dollars in settlements go unclaimed by plan sponsors, funds and money managers.

This is not surprising. Filing complete and accurate claims - and receiving proper compensation - is a complicated and tedious process. Even identifying trades that qualify for settlements can be difficult: Custodial relationships change; trading systems become obsolete; and managers are replaced, acquired or sold.

To maximize recovery, investors not only must identify claims and file them accurately, but have to closely monitor the rejection of claims and the payments made on claims to ensure they are receiving their fair share of settlement monies.

With the help of proprietary software, Glass Lewis analyzes every trade in every client account to identify the appropriate "recognized loss" under the plan of allocation for each settlement. But that is only the first step in the process. The service frees investors from the tedious process of filling out dozens (even thousands) of claim forms by doing this work on behalf of clients. Once a claim is filed, we do the critical follow-up work of reviewing all rejected claims and contesting improper rejections. And, Glass Lewis audits the ultimate recovery against the claim amounts to make sure all money due is recovered.