Our Securities Class Action Recovery Services
Our securities class action recovery service is a safe, secure, and seamless way to reclaim financial losses from owning shares in a company where there has been mismanagement or unlawful behaviour.
Goal provides a stress-free, end-to-end management of the entire process from on-boarding to recovery of claims, including global research, analysis, processing, chasing and reconciliation. Monitoring all types of cases, globally, including new markets where similar redress mechanisms are being considered, our research and technology ensure you will always be ahead of the game.
- Want to know if you’re eligible to participate?
Securities Class Action Process Flow
Our Securities Class Action Recovery Services
Accelerator™
Traffic Light Concept
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We cover all types of securities class action claims
At Goal, we’re able to facilitate all types of class action claims. Whatever the case, you can rely on our blend of specialist knowledge and technology software to streamline the process.
Opt-In (Group / Collective Action)
Most non-US markets require a prospective class member to affirmatively join a litigation (opt-in) rather than simply remain a passive member. Furthermore, many of those jurisdictions have adopted their own specific form of group/collective action for harmed investors to participate in any recovery. Our research process allows us to identify any relevant cases on a global scale and our experienced operations and client services teams can navigate the various registration and documentation requirements.
Opt-Out (Direct Action)
In the U.S., investors who seek to recover damages from securities laws violations may instead file an individual, direct action rather than to participate in any related securities class action. The main benefit being a larger recovery than would be achieved by staying a passive member in any securities class action settlement that may ultimately be achieved. Our experience and relationships with legal firms that specialize in these types of actions allows us to facilitate the participation for any of our interested clients.
Settled
In the U.S. and Canada, a securities class action recovery is settled upon, and preliminarily approved, prior to any notification to prospective class members (usually in the form of a published Notice and Proof of Claim Form). This allows for a more efficient and simplified claims process, often described as “passive”. Our research process allows for the identification of any relevant class action settlements and our proprietary system allows us to retrieve any eligible transactions from our secure data warehouse and calculate their associated losses (as per the respective Plan of Allocation). Furthermore, we will facilitate the submission of the proof claim form and any and all transaction information required.
Foundation
A Foundation, or Stichting, is a legal entity established under the Dutch collective settlement regime and is generally the best way to recover damages in international shareholder disputes as it provides a global settlement mechanism that is similar to the United States. The Dutch Act on Collective Settlements is unique in this regard because it provides a collective settlement framework, including an international notice program and a global release with international binding effect. As opposed to many Opt-In cases, which often require extensive and cumbersome documentary requirements, the requirements to participate in a Dutch Foundation are minimal.
Disgorgements
Legally mandated repayment of ill-gotten proceeds resulting from the violation of federal securities laws. Proceeds from insider trading, embezzlement, or illegal actions under the Foreign Corrupt Practices Act are subject to disgorgement. The U.S. Securities and Exchange Commission seeks disgorgements to ensure that the violators do not profit from their illegal activity.
Antitrust
An antitrust lawsuit is any suit filed under U.S. Federal or State antitrust laws and can be brought by a company’s competitors for anticompetitive business practices, or by purchasers of a product or service, if the anticompetitive practice may have increased the price they paid. The antitrust laws are designed to protect competition, consumer welfare, and the economy as a whole from unfair and anticompetitive trade practices, such as price-fixing, market allocation between competitors and bid-rigging.
Bankruptcy
Occurs when an organization files for protection under the applicable bankruptcy law(s) in order to liquidate any remaining assets to pay off debt owed to creditors and investors.
Crypto /
Digital Assets
Digital Assets
The process for class action recoveries
Research
Eligibility Testing
Claims Filing
Complete end-to-end Support
Class Action Distributions
Powerful technology
At Goal, we take care of the process from start to finish as our team understands the industry requirements and complexities associated with filing.
Minimise the time spent processing securities class action claims with our automated cloud-based application Accelerator™. Outsourcing to Goal means we can monitor, manage alerts, file, and track submissions. Maximise the returns available from all investment opportunities by allowing Goal to automate this process. Our client portal will also provide an overview of all activity, so you can stay informed.
Our credentials in figures
Millions
of USD recovered annually
- High levels of automation
- Cloud-based technologies (Saas)
- Dedicated, intuitive client portal
- Alert management and distribution
- Leading-edge technology
- Excellent client service
- Compelling, flexible pricing
- Global coverage
- All case types covered
- End to end claim management
Securities Class Action FAQs
A class action is a lawsuit initiated to recoup losses by those who have suffered the same harm or experienced similar financial loss. Class actions are powerful procedural tools to hold wrongdoers accountable for widespread damages caused to a group of victims, who individually may not have sufficient damages to support the cost of prosecuting on their own.
On average, it can take from 18 months to three years to conclude, from filing to settlement and distribution. Not all class actions follow this timeframe, as much depends on the unique details of each case. Our client portal and excellent relationships with all stakeholders and steps of the chain makes keeping up to date simple.
Class action alerts refer to notices sent from litigators to individuals, investors, banks, and companies to encourage participation in an ongoing class action case where compensation may be due. For many, keeping track of these opportunities can be overwhelming, which is why our alert system is valued by our clients, globally.
We are provided with a complex formula which is entered into our application to allow us to calculate the recognised loss. The formula takes many elements into consideration such as the holding period/class period, amount of shares, length of holdings and types of shares. When a client is on-boarded we request a specific set of data which then maps to the calculation in our technology and produces an estimate on the recognised loss based on a variety of specific criteria.
Goal prides itself on its compelling and flexible pricing. So much so that it is one of the cornerstones of our business. Typically, Goal will charge a percentage per claim, which is purely contingent and paid upon receipt of the distribution. As the money is paid to Goal, we will usually deduct the percentage before paying the remainder to the client. The reason we offer proof of concepts is to enable us to be as competitive on pricing as possible. Our SaaS Accelerator™ application has an annual fixed price subscription available.
Fill out our enquiry form or call us today to find out if you or your client portfolio is eligible to participate. Our dedicated client services teams are on the end of the phone, and with offices across EMEA, APAC and AMER, we provide global coverage for securities class actions. Our powerful Traffic Light Concept can assist you by taking into consideration criteria clients have for participating. Based on this, and the case summaries we produce, we can provide a recommendation as to whether you should participate, graded as a traffic light.
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
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