• Typically, during class actions for securities, we receive address information from brokers, institutions and transfer agents detailing who they believe to be involved in the class action.
• For all other types of class actions, typically your information is provided by the Defendants. top

We are a third party and due to confidentiality, we are not privileged to your information. The only information we are provided with is your name and address. top

• Securities Litigation: Broker/Institution confirmation slips, Broker/Institution monthly statements and other Third party documentation.
• Consumer/Other: Case dependent. Please refer to the notice. top

No, due to confidentiality restrictions, we are not permitted to obtain anyone’s information. top

Claimant’s payouts are calculated by the court-approved methodology. This is usually called the Plan of Allocation or Benefits of the Class. Typically this is found in the Notice that was sent along with the Claim Form. If the amount of all claims is greater than the settlement amount, you will receive a proportionate amount of the settlement fund. top

Yes. A claim form must be submitted for each different account title that meets the criteria for the class. top

Typically, yes. If one of the joint owners is deceased, their signature is not required; however they should be represented on the claim form. top

Typically, no. The attorneys work on a contingency basis, and if there is a settlement, will petition the court to award them fees. top

Every case is different; however a general rule of thumb is checks are normally sent 18 to 24 months after the claims filing deadline. Typically there is no set time period because claimants have to be given time to respond to notice of deficiencies. Additionally, the Court can take a significant amount of time to approve the distribution. top

Your claim will be considered late. It is up to the attorneys and the Courts to decide if they will allow your claim. If the claim was filed after the distribution was made, there is a possibility that it may be included in a second distribution. However this decision is also up to the attorneys and the Courts. top

If you are the beneficiary, then you may file a claim. Along with the documentation that is required for the claim, we ask you also supply proof that you are entitled to file a claim on their behalf. top

The amount a claimant receives is calculated after all claims have been processed. We must calculate the total loss for all the claims per the Plan of Allocation, and it must be approved by the courts. While every case handles a distribution differently, typically they are paid on a pro rata basis. This occurs when the total recognized loss for the class is greater than the amount in the Settlement Fund (less the court approved fees), everyone will receive their percentage of the fund.

For example: in a “Pro Rata” situation, if the total settlement fund was $100.00, the total recognized loss was $200.00, and your recognized loss is $20.00, that would make your loss 10% of the total loss. Therefore, you would receive 10% of the settlement fund, which would be $10.00. top