Recognized-loss formula
Every transaction's recognized loss is computed deterministically per the court-approved formula — FIFO/LIFO elections, corporate-action adjustments, and partial-exclusion rules applied consistently.
We ingest trade data, match against every settled and open securities, antitrust, and global-collective action, compute recognized loss under each plan of allocation, file every eligible proof of claim before the bar date, and deliver recovered dollars plus an audit-defensible filing register. AI is the internal engine; a qualified claims analyst is the authorized filing-agent chokepoint.
Every year billions of dollars of securities-litigation settlement money is left on the table because eligible investors never file a proof of claim. Filing is pure document-and-data work: match trades to a class period, run the recognized-loss formula in the plan of allocation, attach broker records, file before the bar date. The largest, most sophisticated funds already outsource this to specialist filers on contingency — but the long tail of smaller institutions does not, because incumbents court whales and the smaller portfolios looked uneconomic to onboard one at a time.
AI collapses exactly the cost that kept the long tail unserved: ingesting messy custodial transaction files, normalizing CUSIPs/tickers across corporate actions, matching against hundreds of concurrent global settlements, and computing recognized loss per idiosyncratic allocation plans. Do that with an internal engine and a thin layer of qualified human review, and you can profitably recover for a $400M RIA or a corporate treasury that a 900-client incumbent never bothered to chase.
The buyer's motivation is not just found money — it is a fiduciary duty: advisers and plan fiduciaries are generally obligated to file proofs of claim unless doing so is futile or imprudent. We sell the outcome (recovered dollars + a clean file), keep a licensed/qualified analyst as the authorized filing agent, and get cheaper and broader as models improve and as we add antitrust, opt-out monitoring, and international regimes.
We do not summarize the law and hope. Every pack is scored against a versioned rule pack tied to the exact text of the court-approved plan of allocation. These are the provisions each pack is held to.
Every transaction's recognized loss is computed deterministically per the court-approved formula — FIFO/LIFO elections, corporate-action adjustments, and partial-exclusion rules applied consistently.
Every trade is matched against the class period with exact date boundaries; trades outside are excluded, partial-period holdings are prorated per the plan.
Related accounts and entities are aggregated per the plan's definition of 'beneficial owner' — no double-counting, no missed shares.
Every proof of claim is filed before the bar date; the filing register timestamps each submission and confirms receipt.
All required broker confirmations, account statements, and trade blotters are attached in the format specified by the claims administrator.
For non-US settlements, jurisdictional registration and legalization requirements are checked; opt-out deadlines are tracked separately.
AI extracts and drafts. Deterministic rules — running as code, outside the model — decide what is complete. A human specialist signs every release. That order is never reversed.
Upload trade data and we return a free completeness read: which settlements you are eligible for, which are missing, and what documentation is needed.
We ingest custodial transaction files, normalize CUSIPs/tickers across splits/mergers, and build a unified trade history.
Every settled and open securities, antitrust, and global-collective action is matched against the trade history; eligibility is computed per each plan of allocation.
Recognized loss is computed per the court-approved formula; amounts reconcile to the penny; any edge case blocks release.
A qualified claims analyst reviews the exception queue and signs the release. High-value or complex settlements route to attorney review first.
You receive the filing register, proof-of-claim copies, broker-record attachments, and recovered dollars — plus an audit-defensible file.
The deliverable is completeness itself — every statutory element and search accounted for or explicitly exception-coded. Nothing is left implicit.
The gates that decide completeness are code, not a model's opinion. A drafting error cannot slip past a statutory requirement.
We prepare documentation and run searches as your clerical agent. We never contact the vessel owner, give legal advice, or conduct the sale.
Simple, predictable, and aligned with a documentation standard — not a cut of any recovery.
Start with a free Delinquency Gap Scan. Send your ledger and vessel details and we'll return a completeness read against every subsection of §328.17.
Documentation-completeness service · not legal advice · the marina sends every notice.