AI Magazine Issue 12 2018

26 Acquisition International - Issue 12 2018 Battea - Class Action Services, LLC has been a leader in the claims filing business for nearly 20 years. Recently, we caught up with Kevin Doyle, VP, and Global Head of Marketing at Battea, who provided us with detailed insight into the innovative firm. ince 2001, Battea – Class Action Services, LLC has established itself as the leading claims recovery experts for institutional investors, by making sizeable investments in claims processing technology; adding specialists in international litigation, damage valuation, and financial technology; strengthening research and international litigation efforts; and reinforcing the preservation and security of all client data. Battea has maintained its leadership position in the fast-moving world of securities class action litigation by continually hunting for news of emerging and newly filed class action litigations. The expertise of Battea’s personnel is the critical element in providing their clients with the highest level of service and actionable intelligence. Going into further detail about the clients that they serve, Kevin begins by informing us of how the team approaches a new client and the services they provide. “More than 700 global clients, including the world’s largest banks, asset management firms, hedge funds, proprietary trading companies, registered investment advisors, sovereign funds, pension funds, and high-net-worth families trust Battea to manage their claims recovery initiatives. At Battea, we guide them through the entire cycle of the litigation and settlement process to receive the maximum recoveries to which they are due. Battea has earned a sterling reputation and is contacted on daily basis by firms all around the world requesting assistance in their claims recovery initiatives.” Whilst on the topic of the sterling reputation Battea has built over the years, Kevin explains to us some of the key areas, which the firm specializes, and how they deliver their clients award-winning service. “The securities and antitrust class action litigation industry is growing at a rapid pace and as new cases are introduced, the claim and loss analysis, litigation research, and rigorous data auditing and monitoring required for these filings will only intensify and grow increasingly complex in both the U.S. and abroad.” “Drawing upon a variety of databases, we identify, analyze and track litigation as it advances through the various court systems. As an industry pioneer, Battea has developed strong relationships with the law firms that file these cases in the U.S. and Canada so that we can perform any additional due diligence on a particular securities case that reinforces our internal litigation research efforts.” Battea’s Data, Claims Management and Technology teams have been augmented with members that have built FX, Derivatives and equities trading and Contact: Kevin Doyle Company: Battea - Class Action Services, LLC Address: Three Harbor Landing, 46 Southfield Avenue, Suite 450, Stamford, CT 06902 Telephone: 001 203 987 4949 Website: www.battea.com Unrivalled Expertise S Nov18401 exchange automation systems for some of the world’s largest banks and institutions in the U.S., Europe and Asia. Over time, Battea has embraced the incredible growth in the securities and antitrust class action settlement industry and is uniquely qualified to perfect each client’s claim ensuring they obtain the maximum award to which they are entitled. Looking ahead to what the future holds, Kevin signs off by sharing the exciting future that lies in store for Battea, especially following their recent success in Acquisition International’s 2018 Global Excellence Awards where they were righteously awarded the accolade Most Outstanding Securities Settlement Recovery Firm 2018 – USA. “In 2018 alone, more than $6 billion dollars settled in the foreign exchange antitrust, interest rate manipulation cases and some of the derivatives cases. In addition, on January 3rd, 2018, the fifth largest securities class action settlement in U.S. history was preliminarily approved, with $3 billion available for distribution to purchasers of Petrobras Common ADS or Preferred ADS, and certain purchasers of Petrobras notes. With several billions in additional settlements expected in several pending antitrust cases, an unprecedented amount of settlement monies are, and will continue to be available for distribution to eligible claimants. However, these settlements, and the securities and financial products that are eligible to participate, are extremely complex. As a result, many claimants will struggle asserting their claims, but those who do file successful claims stand to receive significant or even outsized recovery awards. “In 2019 and beyond, we are going to see historical amounts of monies paid out to investors that traded in the domestic and international foreign exchange and derivatives markets. Now is the time for investors to confirm their eligibility and maximize their recovery awards.”