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GSE Bonds Claim Filing Deadline Extended to February 28, 2020
February 05, 2020

Two bits of news about the $386.5 Million GSE Bonds Litigation: first, the claim filing deadline has been extended to February 28, 2020. (The objection deadline has likewise been extended to February 14.) Considering the massive CUSIP list of 59,799 identifiers, this is some welcome breathing room for claim filers.

The other update is the official identifier list has shrunk, slightly from 64,000 unique CUSIPs to 59,799.Of course, that is still an extremely daunting number of identifiers. Most financial settlements involve all of one CUSIP.

CCC is now onboarding clients to help with this very litigation. We expect to file claims for hundreds of thousands of unique accounts for GSE Bonds, and have both the expertise and the capacity to take on hundreds of thousands more. So if the claim filing deadline does not relieve you, and if the slight contraction of the CUSIP list does not lift your GSE malaise, then give us a call today at 312-204-6970.

 

Written By: Dennis O'Toole

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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