At Financial Recovery Technologies, one of our core differentiators is our service model which we measure annually. We wanted to share highlights from our 2024 client satisfaction survey and share what our clients are saying about working with FRT: “[My Account Manager] is great. She’s approachable, helpful and always offers above and beyond assistance. She is very proactive and responsive.” “[My Account Manager] feels like she is a part of my team. Pragmatic and responsive, I couldn’t ask for more.” “Am very happy we switched from that other provider. [My Account Manager] is a great account ..read more

The global recovery landscape is not static.  It’s constantly evolving, creating challenges for fiduciaries trying to stay on top of trends and developments.  But with change comes opportunity, including the potential to shape legal environments in ways favorable to institutional investors.  FRT has been at the forefront of such efforts. Court Submissions: In both the UK and Australia, FRT submitted affidavits to courts in ongoing cases to share its views on how institutional investors will likely respond to proposed orders that affect the risks and burdens of claimant particip ..read more

Each year, Financial Recovery Technologies hosts a comprehensive webinar reflecting on the investment recovery landscape. If you missed our live event, register to watch our on-demand webinar. Here are five key takeaways from FRT’s Webinar on the Global Investment Recovery Landscape: 1. 2023 Filings Overview: In 2023, there were 208 US securities class action claim filings, a slight increase from the previous year but within the range of filings between 2018 and 2020. Notable trends included a decline in crypto-related and in Special Purpose Acquisition Company (SPAC) suits, indicating an awar ..read more

In an earlier piece about the upcoming claims administration for the $581M+ partial settlement of the antitrust class action involving stock lending, I suggested the significant time lag we’re seeing between preliminary approvals and the still-to-be-announced date for claims submissions may relate to complexities in formulating a distribution plan.[1] This article elaborates on these challenges, discussing how the distribution plan will likely have a ‘but for’ recognized loss (RL) formula, and why this methodology will cause a lengthy claims administration process and delay distribution paymen ..read more

In Q4-2023, over $820 million settled and over $568 million was disbursed back to investors. For more information, contact your Financial Recovery Technologies representative or email us. Top 5 Recently Settled Cases in Q4-2023 (based on settlement fund value) Rite Aid ($192.5m) Envision Healthcare ($177.5m) Alexion Pharmaceuticals ($125m) Allstate Corporation ($90m) LifeStance Health Group ($50m) Top 3 Claims Admins in Q4-2023 (based on settlement fund value for settled cases) Gilardi & Co (3 Settled Cases = $407m) A.B. Data (8 Settled Cases = $193m) KCC (1 Settled Case = $125m) Top 5 ..read more

On Thursday, January 25, Mike Lange, Esq., SVP of Worldwide Litigation; Emily Fortin, Esq., Director of Legal Operations and Counsel; and Colin Holmes, Esq., Associate Counsel, look back on 2023 and preview recovery trends that investors should be aware of in 2024 and beyond: US Settled Class Actions activity including filing, settlements, and disbursements. US Antitrust: There’s more than $4B to be distributed to investors, what’s the next ‘antitrust wave’ coming? Non-US Litigation: 2023 saw 50+ non-US opportunities for investors across 12+ countries. What jurisdictions are our experts bulli ..read more

Previously, I wrote about the upcoming claims administration for the $581M+ partial settlement of the antitrust class action involving stock lending.[1]  Given the prevalence of share borrowing and lending by institutional investors, we expect broad eligibility and encourage funds to start assembling their records now, particularly given that the alleged misconduct goes back to 2012. The parties’ settlement agreements were likely encouraged by the Magistrate’s June 2022 Report and Recommendation that the Judge certify a class for litigation (the Litigation Class).  In re-reading that ..read more

As quarter-end approaches and closing funds strike final NAVs, there’s a commonly overlooked asset that could be costing managers valuable dollars: the untapped potential of current and future class action claims and foreign tax reclaims. Why Now? December 31 is the most common quarter-end at which closing funds strike final NAVs. Managers can easily receive immediate value for any closing funds’ (or already closed funds’) eligibility rights to current and future securities class action settlements that would otherwise expire worthless by pursuing claims monetization. This practice also allows ..read more

In Q3-2023, over $995 million settled and over $3.8 billion was disbursed back to investors. For more information, contact your Financial Recovery Technologies representative or email us. Top 5 Recently Settled Cases in Q3-2023 (based on settlement fund value) Exelon Corporation ($173m) Rabobank ($101m) Libor-Based Financial Instruments ($90m) RBS Securities Fair Fund ($80.3m) Myriad Genetics ($77.5m) Top 3 Claims Admins in Q3-2023 (based on settlement fund value for settled cases) Epiq (8 Settled Cases = $286.6m) Gilardi & Co (6 Settled Cases = $245m) A.B. Data (8 Settled Cases = $195 ..read more

Legal and Regulatory Changes: Impacts and Responses Navigating legal and regulatory changes is a critical challenge for any global company.  In this blog, we’ll share how Financial Recovery Technologies (FRT) adapts to changes worldwide and ensures our clients receive the most comprehensive and streamlined recovery services.   Keeping Clients Informed When regulatory changes in a country alter the risk profile and participation burdens for recovery efforts, FRT is proactive in informing clients. We accomplish this with articles, webinars, and updated case collateral. For governance c ..read more