Case name: LIBOR Bondholder Settlement
Settlement fund: $68,625,000
Claim filing deadline: 12/28/2020
Class period: 8/1/2007 - 5/31/2010
Securities and antitrust settlements are a tricky, tedious distraction for most investment managers, and unfortunately, the upcoming $68.625 Million LIBOR Bondholder settlement is trickier than most. Whether you are providing notice for your clients or filing claims for them, (or both), you will face several hurdles unique to this settlement:
Chicago Clearing Corporation can help. All of our relevant team members have signed confidentiality agreements and can search your data for all potentially eligible claimants, provide notice, file claims, resolve deficiencies, contest rejections, and allocate the eventual settlement awards-- entirely eliminating this hassle from your workload.
A complicated litigation like this case is right up our alley. The GSE Bonds Antitrust litigation from earlier this year had nearly 60,000 CUSIPs. For that settlement, we filed claims for 661 institutional investors representing over 108,000 accounts. Our filing ran to over 155 million lines of data.
If you would like to discuss how we can relieve you of all of the burdens of this case, from providing notice to filing claims, then please give us a call today at 312-204-6970.
Willis Towers Watson
Earlier this year Snap settled two parallel li... Read More
Chicago Clearing Corporation (CCC) cordially invites you to a webinar on international securities and antitrust litigations. On Monday, December 14, at 10:00 AM Central, CCC’s President and General Counsel Brian Blockovich will moderate a presentation by Guus Warringa, Director of Institutional Investor Relations at the law firm Grant & Eisenhofer, ... Read More
Morgan Stanley Fair Fund
Santander Consumer USA Holdings
“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. Dealing with the CCC staff has been a very positive thing.”
“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.”
“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 it's simple. 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.”
Registered Investment Advisor
“Your client reporting portal and customer service is the reason we chose Chicago Clearing. 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)."