Featured Cases

Nasdaq Market-Makers

94 CIV. 3996, MDL NO. 1023
In the United States District Court for the Southern District of New York
Honorable Judge Robert W. Sweet

Heffler Claims Group was engaged as joint Claims Administrator of the NASDAQ Market-Makers Antitrust Litigation. The firm assisted counsel and a number of state Attorneys General in the development of the Plan of Allocation and the Proof of Claim form. This case required claimants to provide transaction information for many different securities and the firm worked with Class Counsel and an outside development team to create an electronic claim form to be used by those entities with large amounts of transactions. Over 10 million Notices and Proof of Claims were mailed to potential claimants and the firm received more than 1.5 million claims. Because of the magnitude of this litigation and its impact on the public, the firm utilized state-of-the-art computer equipment and technologies in the fulfillment of claim requests, processing of the claims, calculation of the claims, and responses to correspondence and telephone calls. This enabled the firm to mail distribution checks to approved claimants on December 23, 2000, after having a claim-filing deadline of December 8, 1999.

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