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Financial Recovery Technologies LLC (FRT)
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Financial Recovery Technologies LLC (FRT)

by Claudia B. MeyerAugust 11, 2017
Overview
Abbreviation

FRT

Founded

2008

Headquarters

Medford, Massachusetts

Phone Number

+1 610 676-1000

Website

http://frtservices.com/

Financial Recovery Technologies LLC (FRT)

Financial Recovery Technologies LLC (FRT) provides a range of claim filing and monitoring services. It helps investors to identify eligibility, file claims, and collect funds made available in securities class action settlements. The company’s claims filing services include identifying eligible security positions, calculating recognized loss, handling payment to investors, conducting disbursement audits, and performing necessary client reports. It also provides securities class action monitoring services, such as identifying newly-filed class action suits; notifying the clients’ firm on a regular basis of new eligibility and changes to currently monitored cases; making a preliminary calculation of the firm’s economic losses on a first-in-first-out (FIFO) calculation and last-in-first-out (LIFO) basis in each case; notifying the firm of those cases where either the estimated economic losses on a FIFO calculation and LIFO basis meet a predetermined amount on the class period proposed in the litigation; and monitoring pending class action suits in which the fund may be eligible to be a class member, as well as notifying the firm of any changes to pending litigation, including updates to the class periods, updates to case’s status, and new data regarding the settlement. In addition, the company operates an information and research practice that provides an analysis and facilitation of potential recoveries from non-class action settlements for institutional investors. It serves hedge funds, asset managers, investment managers, pension funds, mutual funds, and sovereign wealth funds around the world. The company was founded in 2008 and is based in Medford, Massachusetts with an additional office in New York, New York. Financial Recovery Technologies LLC operates as a subsidiary of The Cross Country Group, LLC.

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About The Community Member
Claudia B. Meyer

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