Portfolio & Litigation Monitoring

Capturing information regarding securities class action litigation across the globe

CLASS ACTION CASE INTELLIGENCE & ANALYSIS

Battea focuses on capturing information regarding securities class action litigation

 

Battea’s proprietary research focuses on capturing information regarding securities class action litigation taking place both in the United States and internationally. In addition to the comprehensive case and settlement tracking and plan of allocation research performed in connection with the Company’s class action claims filing service, the Company has invested in additional senior research experts. As part of their responsibilities, they are tasked with identifying and analyzing specific cases and general litigation developments outside the US. We employ various services, search mechanisms and protocols, through which we are confident we will identify any relevant litigation initiatives. Through frequent communication with a number of international law firms in different jurisdictions, we sometimes identify early stage litigation initiatives, prior to any prior general public announcement.

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Battea's Claims Administration Management Process

GLOBAL LITIGATION RESEARCH

Battea provides full service, detailed global monitoring, and researches the various coalitions and particular technicalities around opt-in timing and terms.

 

At the very basic level, pursuing securities fraud claims outside of the United States generally requires investors to litigate individually or to “opt-in” to some form of group or collective action. With respect to collective actions outside of the US, damaged investors must generally affirmatively opt-in to the litigation in order to participate in any subsequent settlement or judgment. While most proposed litigation is announced or advertised in advance, investors often receive information about non-U.S. cases, through somewhat random and disparate sources and methods. We provide a full service detailed global monitoring solution and research the various coalitions and particular technicalities around opt-in timing and terms.No statutes exist, like the PSLRA in the United States, which require prompt public notification of international securities litigation, so it is critical to monitor the formation of these actions. Additionally, investors must carefully analyze how to participate in these international actions.

Full service Portfolio Monitoring

Battea does not outsource any of our services to external providers but we utilize various research services to supplement our primary research efforts. Battea also communicates directly with the law firms involved in specific international securities litigation efforts. Once a new litigation is identified, the team researches the parameters and requirements to participate in the class action lawsuit and creates an individual case file. As the recognized leader in the securities claims filing universe, we are directly or indirectly on the notification list from many of the regular litigation funding groups, law firms and other sources and tracking services, but new cases and alliances are forming rapidly in the current environment and we believe extraordinary attention and surveying procedures are required to keep informed in the current landscape.

Beyond the level of monitoring described above, there are distinctions between the timing for different options for when to join an opt-in action or a claims assertion. Early notice and timing is very important for a number of reasons, including that in some jurisdictions and instances, it is not possible to add plaintiffs to a particular litigation group, after such group has filed its initial complaint or writ in the respective foreign court and litigation is already underway. Pending international litigation announcements are available to our clients via alerts, reports and our portfolio monitoring systems.

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Frequently Asked Questions

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Unparalleled Case Spotlights

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Litigation Monitoring

Real-time analysis of client trade data also arms clients with the information needed to determine whether or not they should opt-out of a specific case
For Opt-Out class action litigation – predominately U.S./Canadian securities litigation, Battea’s Portfolio Monitoring matches its extensive database of newly filed class action litigations against client’s portfolio holdings. Utilizing patented, proprietary search technology and supreme domain expertise, Battea prepares a summary (overview) for each case filed and prepares ad hoc economic analyses for each client impacted by the litigation or eligible to file a claim against a settlement fund. This enables clients to stay abreast of pending litigation as it relates to their holdings and where applicable, to determine if clients are suitable and/or interested in pursuing a more active role in the litigation by serving as lead plaintiff. Real-time analysis of client trade data also arms clients with the information needed to determine whether or not they should opt-out of a specific case. At a minimum, clients are kept well-informed of developments in these litigations as they move through the litigation lifecycle. Of course, once a case has settled, clients can track the progress of the class action settlement, filing deadlines and status of distributions through the client portal.

Keeping clients well-informed of developments in litigations as they move through the litigation lifecycle.

RECOGNIZED LOSS & DAMAGE CALCULATIONS

Your Recognized Loss serves as the basis for all settlement payouts and reconciliation of disbursed awards. It's Important.
In a securities class action settlement, the term recognized loss refers to the economic loss suffered by a claimant as defined by the settlement's Plan of Allocation. Each securities litigation settlement has its own set of rules to determine the recognized loss—or claim value—for each claimant. These rules are based on the specific allegations in each settlement. A recognized loss represents the true value of a claim and is the specific number used by the claims administrator when calculating the pro-rata award amount for each claim. It may or may not correspond to an actual or market loss.

 

Plan of Allocation Interpretation & Coding

  • By accurately coding a settlement’s rules into Battea's proprietary technology, The Claims Engine®, Battea can systematically determine client's eligibility for a particular settlement.

Eligible Filing Analysis

  • The Eligible Filing Analysis summarizes all settlements for which the client is eligible and details the recognized loss for each case.