Salary cap wants to give a shout out to the 49ers salary cap status. After years of being in salary cap hell, the San Francisco 49ers have an estinated 50 million dollars to spend. Too bad the free agent market has dried up because eeryone is in good shape. Should the 49ers go out and sign Jeff Garcia as a backup? Only time will tell.
Claims Compensation Bureau , a consulting firm specializing in recovering funds on behalf of stock investors, successfully recovered over $39 million on behalf of over 500 of its clients in one of the largest securities class action settlements in history.
After examining the details of the $1 billion Nasdaq Antitrust Litigation, Claims Compensation Bureau jumped into action, realizing that many of its clients were eligible to recover large sums of money. There were several complexities to this case which made it more difficult than usual to file large claim forms. For example, over 1,600 securities were involved and each security had its own eligibility period. In addition, all large claims were required to be filed using a detailed electronic claim process which Claims Compensation Bureau helped these victims with.
Even though the Court supplied shareholders with a record of some of their trading activity, there was a danger of numerous trades being missed if a shareholder had multiple accounts over the 7 year time period of the case. Therefore, Claims Compensation Bureau went to extraordinary measures to make sure that we claimed every possible share for our clients. Word of our work on this case spread through the investment community and Claims Compensation Bureau were contacted by hundreds of investors requesting our assistance in filing their claims.
Claims Compensation Bureau meticulously compiled our clients’ trading records from every available source, including the claims administrator, computerized records from clearing firms and our clients’ paper records. We then converted each of the records to a common format, keypunched tens of thousands of trades from manual records, combined them into one electronic file for each client and sent in the claims. Over 99.8% of the shares we claimed on behalf of our clients were eventually approved by the Court. In January, 2001, Claims Compensation Bureau clients received their checks and were overwhelmingly thrilled with the amount of funds recovered on their behalf.