Class-Action Surge Strains Processing Abilities

March 2009
Securities Industry News;3/16/2009, Vol. 21 Issue 6, p8
Trade Publication
The article reports that money managers and their financial intermediaries are beefing up internal resources or turning to third-party processing agents as securities class-action lawsuits mount. This is to handle the complex operational work required to retrieve billions of dollars of settlement funds. The services that data vendors or processing services offer to assist firms in handling cumbersome class-action settlements and the in-house processes and actions that companies, less keen to outsource, take to handle these settlements are elaborated.


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