Case Studies
As the global market leader in withholding tax reclaims and securities class actions recoveries, we have helped some of the world’s most prominent financial institutions and investment firms.
Read our case studies below to find out how we have helped our clients with seamlessly managing settlements and reclaims processes.
Class Actions
Client A
Client type: Investment Manager
Location: New Zealand
Challenge
Solution
The team at Goal was able to leverage our institutional knowledge built on decades of combined experience in the class action securities industry to confidently reassure our client about the benefits and relative low risk of participating in these types of actions.
Our seamless data storage and retrieval system allowed us to quickly identify any open cases, so that we could promptly file the requisite forms and meet any established submission deadlines.
Outcome
Our client was able to meet the participation deadlines for all open proceedings they were eligible for at the time of their onboarding. One particular case we lodged on their behalf was against AMP Limited, which took more than five years to resolve and involved multiple security identifiers.
As a result of Goal’s claim, we recovered AUD$ on our client’s behalf and helped to improve their overall fund performance.
Class Actions
Client A
Client type: Superannuation Fund
Location: Australia
Challenge
The conservative disposition of one of our superannuation fund clients had meant that historically they would disregard any settlement proceedings that were not completely passive in nature – even when the registration and/or documentation requirements for the more active proceedings were only slightly more involved and could have led to higher recoveries. This meant they were missing out on retrieving funds they were rightfully owed.
Solution
Our strong experience and relationships with the relevant firms in the U.S. market allowed us to propose an alternative legal case that was lodged outside of the bankruptcy proceeding involving PG&E Corporation.
We were able to facilitate the filing of a claim within the alternative proceeding without placing any undue burden on the client or causing additional work beyond the scope of the services contract.
Outcome
Our client achieved a higher recovery amount compared to what they would have received if they had participated in the U.S. bankruptcy settlement.
Class Actions
Client B
Client type: Asset Manager
Location: Ireland
Challenge
With multiple combinations of trading platforms and record keeping systems and no centralised department for handling class action matters, our client was missing out on recovering funds on multiple class actions cases.
This was further complicated by trade data from respective custodians being disparate from one another, which made searching and retrieval difficult.
Solution
Utilising our intuitive world class technology and network of excellent relationships with major law firms, litigation funders and other major stakeholders, we were able to provide a quick and efficient recovery solution.
Our client’s data was actively monitored 24/7 to identify relevant class actions on a global scale. Upon finding relevant cases and settlements, holding records were reconciled accurately on a per account basis utilising our data management system.
Outcome
Discover how we can help you to...
- Save hours of manual work
- Identify and enter into all eligible opportunities
- Automate processes and recoveries
- Improve fund performance and increase returns
