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Filing claims in complex class action cases is more challenging than ever.
In light of the growing volume and value of settlements, it is more important than ever to maximize recovery, but according to the 2022 Global Class Action Report, claimants face growing administrative challenges that affect their ability to file a comprehensive, complete and correct claim.
Records are usually kept for only seven years, making it very difficult to document transactions.
Formulas may require multiple calculations based on relevant law, security type and transaction date.
A higher level of review may be required to locate and confirm all eligible security purchases.
Voluminous supporting documentation requires greater organization, and may create opportunities for errors by the claim administrator.
Download our global class action annual report for full details on the most complex securities class action cases of 2022.
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