Chicago Clearing Corporation is the market leader in recovering settlement payments for investors in class action litigations. But that’s not all we do—we also monetize claims upfront or as part of a wind down.
Due to the current market conditions, CCC is accelerating purchases of an assortment of class action claims and illiquid assets from harmed investors. This is a great opportunity for many firms because it usually takes several years to actualize class action receivables from the point a complaint is first filed to the date of a settlement distribution. By selling claims to CCC now, investment managers can use the proceeds to re-deploy capital or to wind down their funds.
CCC’s monetization process is quick and simple, allowing you to meet tight time constraints. We will value your privacy and will work to maximize your recovery for every asset.
Why choose CCC?
1. We buy all hard to value illiquid assets- securities class actions, international litigations, private litigation, antitrust claims, global tax reclaimations, and more;
2. We quickly value claims or other assets, usually within 3 days or less;
3. We have the ability to fund executed purchase agreements within 48 hours.
There is no need to wait 18 months—or many more—for securities and financial antitrust settlements to pay out. CCC can provide capital today for your claims. Give us a call and we can get started immediately.
Quick facts about this settlement
Case name: Snap, Inc.
Settlement fund: $187.5 Million
Claim filing deadline: TBD
Class period: March 2, 2017 to August 10, 2017
Settlement notice packets will soon be hitting investors' mailboxes and inboxes for the $187.5 million Snap securities litigation.... Read More
Quick facts about this settlement
This week the first securities litigations to spring from the coronavirus crisis have arrived. It's of course expected that an event that has a negative impact on a stock price might soon produce a securities litigation. In recent years, nearly 10% of publicly traded companies are the targets of securities class action complaints each year. Even... 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 National Mortga... Read More
“I could go on and on, but bottom line, the fees being charged are much less than what I was spending in house to file and this is just one less thing I have to spend time trying to figure out how to complete on a consistent basis. I send the data on an annual basis to CCC and they take it from there. My clients are protected (if there is a class action, it is getting filed), the Bank is protected (we are meeting our fiduciary obligation by filing the claims) and…dealing with the CCC staff has been a very positive thing.”
John E. Thomason, The National Bank of Indianapolis
“We were spending countless hours on class action claims before we signed on with CCC in January. Matt Murray and their technical team ensured our data transmission was seamless and secure. We found everyone at CCC to be professional, courteous, and accommodating.”
Carie A. Minnie, Torrington Savings Bank
“Signing with CCC has made a huge difference. Before, it was horrible. We had to print thousands of pieces of paper, invite clients to come in and sit down with us to show them where to find the transactions, how to input them into the Proof of Claim forms…Now, we do some minor leg work up front when a new account is opened, and then upload our spreadsheet to CCC. And then, voila! It’s very nice to be able to tell our client, “You can shred that Proof of Claim form because CCC has it taken care of.”
Daniela Jones, Barnes Investment Advisory
“Your client reporting portal and customer service is the reason we chose Chicago Clearing.”
Debbie Kirby, Bank of the Ozarks