Pending Claims Audit

Background:

Battea was engaged to review pending claims filed using another recovery system. The firm had been unhappy with previous results and suspected that these claims were deficient.

Battea experts reviewed the transaction history related to the claims and spoke with the client’s custodian to verify and reconcile numerous sub-accounts. Proper claimant eligibility was established.

The Battea Difference:

The recovery system had failed to properly identify all potential claimants due to formatting errors. Only a fraction of the eligible data had been submitted to the court.

The Claims Engine^® identified an additional $8 million in recognized losses.

Client Award:

$800,000 award delivered.