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

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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.

Chicago Clearing Corporation

Since 1992

2,100 clients

And growing

5 million

Individual Accounts

5 Trillion

In AUM

1 Billion

Recovered from Clients

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.

- National Bank

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.

- 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 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).

- Bank

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How Chicago Clearing Helps Hedge Funds