Filing securities class action claims is tedious, complicated, and time-consuming. Chicago Clearing Corporation (CCC) makes it simple, eliminates the headache, and helps you keep up with every single settlement.
CCC will manage the entire process, including:
CCC can lift the burden of class actions from your shoulders so you can better serve your clients. We provide firms with a smart, simple recovery solution that adds value to clients' accounts, satisfies regulatory demands, and brings peace of mind to busy back-offices. With CCC on your side, you will know that you and your clients are participating in every recovery opportunity.
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Class actions have become a vital way for investors to recover market losses, but they are also complicated and often confusing. Each year, over 400 new complaints are filed in the federal court system alone, with scores more in state courts and in international (non-US) jurisdictions. Well over a hundred cases settle in the US each year, and new foreign actions with disparate and often esoteric participation requirements pile up each week. Merely keeping up has become a specialization. Add to all this the fact that no two cases are alike, that securities identifiers are rarely made explicit in settlement documents, that the claim filing procedures vary from administrator to administrator (among other headaches), and you have a world where filing claims becomes both a time-suck and a specialization beyond the scope of the institutional investor.
Outsourcing securities class action claim filing to CCC is the smart solution. 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 CCC. When plaintiff attorneys want loss calculation models for specific securities, they turn to CCC. CCC alone straddles the financial world and the legal world. This makes CCC's staff especially able to fight for class action recovery.
Since 1993 CCC has been a leader in the class action settlement world. James Tharin, the founder and CEO, and many of his staff have worked in financial markets for over three decades. Why would you trust your financial data with anyone else?
CCC does not simply eliminate a tedious task. CCC maximizes recovery opportunities. Here's how:
Join the legions of CCC's delighted clients. Free your time for what's important: servicing your clients. Call us today, and let's get started.