LARGE INSTITUTION RECOVERS OVER $270 MILLION IN FIVE YEARS
A large institution with over $200 billion in assets relied on its various custodians to file claims and had never recovered more than $5 million in any year from these settlements.
CACM obtained all of the client's trade data and combined into one database.
CACM searched the trade data for all past and pending settlements and identified dozens of incomplete and missed claims
CACM promptly filed the missed claims and corrected the incomplete and deficient claims.
CACM recovered over $270 million for the client in the first two years of representing the client.
CACM has recovered in excess of $50 million per year for the client.
SEVERAL LEGACY DATABASES COMBINED INTO ONE DATABASE
A large financial institution with over 68,000 accounts was encountering significant difficulties filing claims on its own because it had to retrieve trade data from several legacy systems from institutions it had acquired over the years. This resulted in incomplete and inaccurate claims being filed by the institution. As a result the institution was forced to spend considerable time and resources to cure the numerous deficiencies that arose from its inaccurate filings.
CACM and its team of IT professionals retrieved the data from these various legacy databases and successfully combined the trade data into one searchable database.
CACM successfully standardized the data and updated and mapped the various legacy account numbers to correspond with the client's current accounting and portfolio management systems
CACM filed any missed claims and corrected the incomplete and deficient claims.
CACM filed claims for hundreds of accounts that were not included in the client's original filings resulting in nearly $3 million in increased recoveries for those accounts.
CACM has boosted the client's aerage annual recovery by more than fifty percent per year.
CACM files complete and accurate claims for the client and provides customized reports compatible with the client's protfolio management systems.
$7 MILLION RECOVERY FROM IMPROPERLY REJECTED CLAIM
CACM filed a claim for a client and calculated a very large recognized loss for the client's claim. The claims administrator rejected the claim stating that the claim suffered no recognized loss.
CACM immediately challenged this determination and presented our calculations to the claims administrator.
After repeated back and forth with the claims administrator and class counsel, the claims administrator discovered that it had made an error in its calculation and confirmed CACM's recognized loss calculation.
CACM's client's claim of over $7 million was accepted and paid by the claims administrator.
Additionally, the claims administrator corrected the error in its calculations resulting in the acceptance of numerous previously improperly rejected claims being accepted and paid by the claims administrator.