FRT successfully challenges a client’s initial recovery from the administrator

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July 26, 2017

FRT successfully challenges a client’s initial recovery from the administrator

Prior Filing Strategy:  Internal Process

FRT Success:  The claims administrator issued our client, a $2.5B investment manager, a settlement check of $12.78. Our system immediately discovered this was incorrect. FRT was able to revert back to the claims administrator to substantiate our recognized loss calculation. The claims administrator agreed, and a check was re-issued for $192,913.

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Founded in 2008, Financial Recovery Technologies (FRT) is a leading technology-based services firm that helps the investment community identify eligibility, file claims and collect funds made available in securities and other class action settlements. Offering the most comprehensive range of claim filing and monitoring services available, we provide best-in-class eligibility analysis, disbursement auditing and client reporting, and deliver the highest level of accuracy, accountability and transparency available. For more information, go to www.frtservices.com.

 

This communication and the content found by following any link herein are being provided to you by Financial Recovery Technologies (FRT) for informational purposes only and does not constitute advice. All material presented herein is believed to be reliable but FRT makes no representation or warranty with respect to this communication or such content and expressly disclaims any implied warranty under law. Opinions expressed in this communication may change without prior notice. Firms should always seek legal and financial advice specific to their unique situation and objectives.


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