Securities Class Action Cases

Over the last four decades, Heffer has successfully administered over 350 sophisticated and high-profile securities matters related to all types of securities such as common stock, preferred stock, notes, bonds, ADRs, IPOs and put-and-call options.

At Heffler, our advanced notification methods and our streamlined technology platforms enhance communication and performance for your securities matter. Our team – comprised of attorneys, accountants, financial professionals and notice experts – has the in-depth knowledge of the language and processes of the securities industry coupled with the practical experience needed to provide you and your clients with fast, secure and cost-effective claims processing and distribution in all manner of securities class action cases.

Drawing on their vast knowledge and unique understanding of the many intricacies of securities cases, Heffler’s securities team is able to help law firms, government agencies, and the like navigate the many complexities involved in the administration of these matters.  Our team, who has worked together on over 90% of Heffler’s securities matters, utilizes our proprietary technology platforms that can be modified to meet the needs of each unique case.

Advanced Notice Services

Reaching class members in securities class actions can be very challenging, but with our team’s practical experience and our ability to coordinate our own databases of brokers, financial institutions, transfer agents, and other professional entities, we are able to provide notice to all shareholders through a variety of customized notice programs in a timely and efficient manner.  Additionally, we have the “know how” to communicate with various compliance departments to ensure compliance with all parties involved.

In-house Financial Expertise

Unlike some administrators, Heffler eliminates the need to retain outside financial, tax, audit and accounting services. Through our affiliate company, Heffler, Radetich & Saitta LLP, a full-service CPA and consulting firm, we have access to highly-qualified accountants and financial professionals who provide you with customized advisory services regarding audit procedures and complicated distribution algorithms to accept claims, draft plans of allocation, confirm the validity of claims and distribute the funds for each unique securities administration. Additionally, our tax professionals monitor the tax impact of transactions under IRC section 468(B).

Enterprise Call-Center

Our in-house call center has the capacity to handle the specific needs of any case. Our ability to quickly scale to size allows us to handle call volumes ranging from five to 10,000 per day.  Depending on the case requirements, we can provide professionally trained live agents or a cost-effective, 24/7 interactive voice response (IVR) service. Our call center can also be structured to provide single language or multi-lingual support with toll-free telephone numbers in one country or many countries simultaneously.

Fraud Prevention and Quality Control

Today, the filing of fraudulent claims and/or the creation of fraudulent distribution checks in class action settlements is more common and sophisticated than ever before. In response to this, we overhauled our anti-fraud prevention measures over the past 10 years and have a comprehensive plan in place that allows us to detect fraudulent claims and prevent the cashing of fraudulent distribution checks.  Heffler’s security policies, procedures, and systems are designed to meet stringent industry standards, mitigate our clients’ risk, and comply with the security, availability, processing integrity, confidentiality, and privacy principles embodied in the AICPA’s Trust Services Principles, Criteria, and Illustrations’ guide.

At Heffler an experienced partner, manager and senior staff member are assigned to all new Securities cases.  This team of professionals works with you every step of the way to ensure consistency and accuracy throughout the duration of the case. This core team ensures all the Policies, Procedures and Controls of Heffler are followed and confirms compliance with terms of the settlement agreement, the Notice and other legal document terms and conditions throughout the administration process.



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