Battea’s Settlement Recovery Process

When institutional investors' holdings are subject to a securities class action lawsuit, it is imperative that investors take action to recover damages on behalf of their investors.  In the event that a settlement is reached, investors can enlist the services of Battea - Class Action Services' comprehensive securities class action claims filing and settlement recovery service to ensure that they are fulfilling their fiduciary obligations on behalf of their investors.  Battea streamlines the process for investors and ensures that all monies owed to investors are properly identified, tracked, and dispersed.  The steps of our claims filing and recovery process are outlined in brief below.


 

1. Data Collection

Securely retrieve data from disparate sources, accommodating multiple formats.

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2. Data Normalization

  • Standardize data to system processing requirements and ensure data integrity. 
  • Confirm accounts, TINS and trade date accuracy, with multiple checkpoints.
  • Proprietary intelligent record correction, gap detection, and forensic accounting.

process-2-data-normalization

3. Eligibility Analysis

Cross-reference transactions to determine potential settlement eligibility with a settlement database that has international cases and records dating back more than 20 years.

Process 3 Eligibility Analysis

4. Document Verification

Review for holding balances and/or trade activity, data integrity verification and accuracy checks.

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5. Recognized Loss ("RL") Calculation

Analyze each settlement's Plan of Allocation and import to proprietary claims processing software, The Claims Engine® to calculate RLs, determining the value of each claim in every settlement.

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6. Claim Filing

 

File and back all relevant clam ins with claims administrators using an e-filing process that includes US and International claims to ensure accurate, complete and timely filings.

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7. Claim Monitoring

Track the status of individual claims filings throughout their lifecycle.

Process 7 Claim Monitoring

8. Claims Administrator Managed Communication

Reconcile claim filing, resolve claim rejections and verify RL calculation 

process-8-managed-communication

9. Payment Processing

Receive and record settlement checks, reconciling each award against internal data and client RL, researching and resolving any payment discrepancies.

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10. Client Reporting and Transparency

Leverage an intuitive and user-friendly client portal featuring daily reports, including pending claims and settlement payments.

process-10-reporting

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11. Continuous Information Flow

Client filing data and comprehensive settlement database are continuously updated and monitored to identify developments and ensure complete, accurate and timely filings.