Securities Class Action Claims Administration

Trusted partner for handling the notice and administration of securities litigations of all types and levels of complexity.

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Settlement Cases

Kroll provides comprehensive notice and administration solutions for securities litigation involving common or preferred stock, notes, bonds, IPOs, options, American depositary receipts (ADRs), complex financial instruments and commodities. Our team maintains a proprietary list of banks, brokers and nominees and understands the complexities of noticing and processing claims on behalf of these entities.

The Original Securities Class Action Settlement Administrator

When we handled the Atlantic Department Stores securities class action settlement in 1974, our team was the first to do so. Since then, Kroll has administered hundreds of cases and distributed billions in settlement benefits. Many of the processes we created are still used in securities matters today, and we continue to innovate with industry-leading technology, a deep bench and fresh approaches.

Specifically, our securities team has considerable experience handling a variety of securities administration matters with varying complexities, including but not limited to:

Processing and calculating recovery amounts for several types of securities, including common stock, American Depositary Receipts, preferred stock, call and put options, mortgage-backed securities, LEAPS, and bonds
Processing and calculating recovery amounts for several types of distributions, such as multiple funds, foreign currencies, share distributions and electronic payment distributions and direct pay administrations that include interfacing with The Depository Trust Company (DTC)
Drafting and formulating notices and SEC plans of distribution
Crafting unique notice and administration programs to accommodate cases with large volumes of class members and limited budgets

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Securities Class Action Claims Administration

What Sets Kroll Apart

Complete In-House Team to Administer Securities Class Action Settlements and Damage Awards

We do not rely on third-party services for the financial, tax, audit and accounting analysis required to administer a securities settlement. Our in-house staff has the experience and skills required to develop settlement fund distribution algorithms, draft plans of allocation and confirm and verify claim validity before any distributions. Our team also includes tax professionals who monitor the tax impacts of transactions under Section 468(B) of the Internal Revenue Code.

Kroll has extensive experience working and collaborating with the TC and DTC nominees on hundreds of engagements. Kroll has intimate familiarity with the very foundation of the processes and platforms the DTC utilizes.

Advanced Notice Practices for Securities Class Action Administration

Layers of confidentiality can make reaching class members in securities class actions challenging. Our team communicates with all interested compliance departments every step of the way and we maintain a proprietary database of brokers, financial institutions, transfer agents and other professional entities to reach securities shareholders in a timely and efficient manner.

Institutional and Third-Party Filer Platform

Our industry knowledge and proprietary administration platform, custom built specifically for securities cases, enables communication with shareholders while ensuring secure, efficient case administration. We maintain a proprietary list of banks, brokers and nominees and understand the complexities of noticing and processing claims on behalf of these entities. We also manage a proprietary online filing portal to service institutional and third-party filers.

Enhanced Fraud Control Identifies Suspicious Securities Claims

We use advanced control processes in the administration of all securities settlements to reduce fraudulent claims and ensure the integrity of the payment process. Our internal processes go beyond stringent industry standards, mitigate risk, comply with security and processing integrity, and protect confidentiality. Learn more about our comprehensive, in-house class action services.

Securities Derivatives Settlements

Delaware Court of Chancery settlements require a specialized administration strategy that reflects the unique procedural and shareholder recordkeeping considerations of derivative, merger, and fiduciary duty litigation.

Kroll partners with counsel from the outset of an engagement to develop court-approved notice and administration protocols tailored to the structure of the settlement, the shareholder population and the available ownership records, ensuring efficient and defensible administration.

Administration

Kroll administers both claims-made and direct distribution settlements utilizing transfer agent records, defendant-produced shareholder data, broker-based notification and payment protocols, as well as DTC participant information. We coordinate with a wide range of stakeholders, including transfer agents, Broadridge, custodial banks, brokers, and other nominees to facilitate the dissemination of notice to beneficial owners through established securities channels. Where appropriate, we administer electronic and mailed notice programs, manage shareholder communications and prepare comprehensive declarations and status reports for submission to the court.

No Two Shareholder Settlements Are Alike

Kroll works closely with counsel to address complex administration issues, including record date determinations, beneficial ownership verification, nominee reimbursement programs, supplemental notice, and distribution methodologies. Our project management approach emphasizes accuracy, transparency, and compliance with court orders while providing counsel with real-time reporting of key metrics throughout the administration. We also leverage established industry relationships to minimize delays and keep settlements moving efficiently from notice to final distribution.

Our team provides unparalleled securities class action settlement administration services. We understand the nuances of securities litigation and can help prevent potential problems before they occur.

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Securities Class Action Claims Administration

The Original Securities Class Action Settlement Administrator

What Sets Kroll Apart

Securities Derivatives Settlements

Administration

No Two Shareholder Settlements Are Alike

Let's solve for the future

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