Securities Posts

Avoiding Risks with Third-Party Claims Filers

woman holding a paper

Claims filing services, or third-party filers, can increase class participation and drive valid claims during the administration process. However, third-party filers sometimes engage in practices that lead to unnecessary work for the settlement administrator and create many challenges and even obstacles that attorneys should be aware of to avoid spending additional, unwarranted time and money. What is a third-party filer? A third-party filer, or claims filing service, is a company that seeks out class members and files claims on their…