How Chicago Clearing Makes Money for Hedge Funds

The Problem

Filing securities class action claims is tedious, complicated, and time-consuming. Managing a multitude of claims from notice to filing to distribution for hundreds of cases over the span of years, even decades, is inefficient and impractical. Yet, hedge funds have a duty to their partners, as well as a clear economic interest to extract every dollar owed their funds. What to do?

The Solution

Chicago Clearing Corporation (CCC) can manage the entire process.

From monitoring to filing to tracking to payout, CCC can free up your time to better serve your valued clients. Utilizing CCC's vast array of class action services is the smart way for hedge funds to satisfy increasing regulatory and client demands, provide invaluable client services, and afford peace of mind.

Why Outsource to CCC?

Chicago Clearing is perfectly suited for financial class action recovery thanks to our dual expertise in both the legal and financial industries. First, there is the class action acumen: since 1993 CCC has been a leader in the class action settlement world, from creating coupon recovery markets after consumer class actions to consulting on equitable settlements in countless litigations. Second, there is the financial knowledge of CCC's CEO James Tharin and his team. Mr. Tharin is a former Chicago Board Options Exchange market maker, and the core of his staff are back-office trading firm specialists with a combined 150 years in finance.

Founded in 1993, CCC has help class members recover over $700 million in settlement funds since our inception. When savvy investors have questions about securities cases, from cases filed yesterday to the ones that settled ten years ago (or more), they turn to CCCs. When plaintiff attorneys need advice on creating an equitable settlement, they turn to CCC. Our advanced claims tracking methodology, data retrieval mastery, processing powers and proprietary technologies are unparalleled.

CCC Services Overview

Let CCC manage the entire claim filing process:

  • Portfolio monitoring for every new settlement
  • Extracting and normalizing your historical data from all data sources
  • Claim filing
  • Maintaining correspondence with administrators, including resolving deficiencies.
  • Reporting all your securities class action activities securely online
  • Calculating recognized loss for each claim
  • Monetizing claims on demand
  • Allocations settlement proceeds in whatever way best serves the needs of you and your clients

    CCC takes the burden of claim filing off your shoulders and turns it into a reliable, even predictable, stream of recovery. All that and great customer service too!

    Let's Get Started

    Find out why over 1300 institutional investors rely on CCC to steward their class action recoveries. Call us today, and one of our team members will be happy to field any question you have.

  • More News from the Class Action World

    In a recent post, we discussed the first two settlements in the GSE Bonds Antitrust litigation which then totaled $49.5 million. (Well, $29.5 Million was the initial settlement amount, as... Read More

    Good news for those investors who purchased Valeant securities between February 28, 2014 and October 21, 2015. Plaintiffs and Valeant (now known as Bausch Health) have hammered out a $1.21 billion settlement. Settlement notices and claim forms are not yet available, but Chicago Clearing Corporation (CCC) will begin preparing claims f... Read More

    Did you trade debt securities of government sponsored enterprises (aka GSE bonds) between 2009 and 2019? If so, you may be eligible to participate in an antitrust settlement.

    Plaintiffs allege that the defendants (see full list below) conspired to fix prices of unsecured GSE bonds issued by Federal ... Read More

    Case Name: Akorn 2019 Securities Settlement

    Settlement Fund: Between $53.6 million and $155.4 Million

    Claim Filing Deadline: January 24, 2020

    Class Period: 11/3/2016 – 1/8/2019

    Read More

    Endo International... Sound familiar? Earlier this August we posted a blog with a similar title “Endo International Settles Securities Settlement for $50 Million.”

    So what’s the difference? Aside from $32.5 million.

    The first settlement pertained to declining demand for Endo’s generic drugs and also alleged th... Read More

    Investors in American Realty Capital Properties (ARCP), now known as Vereit, may be eligible for a massive settlement that could pay as much as 50% of damages. Given that the typical recovery is just 2%, this is great news for harmed ARCP investors.

    What is this case about?

    ARCP was an investment services firm fou... Read More

    Chicago Clearing Corporation

    Since 1992

    1,800 Clients

    And Growing

    4 Million

    Individual Accounts

    $4 Trillion

    In AUM

    $700 Million