Goal Global Recoveries Limited
It is a fact that many investors are not participating in global securities class actions. Indeed, according to several academic studies it is estimated that nearly 30% of all eligible participants do not file claims. This non-participation could be readily perceived as a failure to protect fund assets and ensure compliance with regulatory requirements. By neglecting to join in class action settlements investors are missing out on compensation for losses and damages suffered having previously held shares and/or stock in any given Company where such losses are a result of that Company's mismanagement or unlawful behaviour.
Class action litigation has historically been a United States phenomenon but this is rapidly spreading across Europe, Australia and Asia with many jurisdictions introducing suitable legislation to support strong corporate governance. Our service is truly global and ensures our clients are able to maximise their opportunities in all markets and not just the United States. GGRL's fully outsourced solution, incorporating bankruptcies and disgorgements, is utilised by major financial institutions. including multi-national corporate pension funds, local Government Agencies, global custodians, prime brokerage houses, asset managers, investment banks and fund mangers around the world.
GGRL undertakes all the research, analysis and calculations. We even complete the claim documentation which we will email to you and clearly state what is required. Our fees are typically a commission on any amounts recovered and this can be duly negotiated to a mutually agreeable level. There are no other charges. Since entering the class actions arena via an acquisition in early 2007 we have made significant investment in the technology and infrastructure and now have highly-automated, scalable processes that have recently received an ISO9001 accreditation. GGRL's leading-edge technology eliminates manual processes thereby reducing operational risk which benefits both our clients and ourselves and creates virtual straight-through processing from the capture and scanning of client data through to the completion of the claim documentation.
We also work closely with some of the pre-eminent law firms in the US and Europe to ensure our clients are fully aware of any new cases, updates, legislative changes etc. Our relationships with the major paying agents such as Garden City, Gilardi, AB Data, Epiq Systems etc are also very strong as they know that they can rely on Goal data and claims submissions to be accurate and timely.
Our on-line reporting facility incorporates the following information and we can readily arrange a Webex demonstration to you and your colleagues if required;
- Alerts of new, updated and lead plaintiff opportunities. Our Alerts specify the ISIN/CUSIP codes of the Company together with the class period, settlement fund and proof of claim deadline where applicable. All Alerts issued since 1st January 2008 are available on-line.
- A current case settlement diary providing an overview of all impending cases including details on the proof of claim deadline, settlement fund etc.
- Client activity statement detailing the status of all ongoing and collected claims. Where possible we will also advise you of the compensation you can reasonably expect to recover based upon our experience.
- All invoices issued by us to you.
- As part of our ISO9001 accreditation and premier service delivery we also show all of your current and closed queries which are tracked via our in-house DART application.
To date we have recovered over USD280 million in compensation for our clients which in many instances has had a material impact on the value and performance of the underlying funds.
For further information on Class Action, please contact Stephen Everard by email at severard@goalgroup.com, or Saghar Bigwood at sbigwood@goalgroup.com. Alternatively, contact Goal Group on +44 (0) 20 8760 7130
