What Services Do I Receive?
Clients of Robbins Geller Rudman & Dowd LLP’s Portfolio Monitoring ProgramSM receive a number of regular reports on their portfolio. The report of concern to many clients, which identifies losses incurred by the fund, is the Portfolio Monitoring Report. Clients also receive regular reports which help them identify settlements they may be eligible to participate in and ongoing litigation of concern to their portfolio. Additionally, clients may receive more immediate notifications in the event of major losses. Please see below for some examples and an explanation of each type of report.
Quarterly Portfolio Monitoring Report
This monitoring service provides a fund with quarterly reports of all fund losses in securities class actions filed and published in that quarter. This provides the fund with a record of cases in which the fund has a loss, so that more thorough and efficient filing of claims can be accomplished. The portfolio monitoring report from Robbins Geller Rudman & Dowd LLP provides not only the losses suffered by the fund in cases filed during the quarter, but a brief synopsis and analysis of each case in which the fund has a loss.
Settlement Report
Settlement Reports are sent monthly, providing relevant information about settled cases approximately two months prior to the date claims are due. The reports are customized for each client, providing specific information needed for the client to file timely claims, maximizing potential recoveries from settlement actions.
Additional Services
Immediate Loss Calculation
Appropriate transactional data for the fund is transferred to the monitoring server on an ongoing basis. Upon transfer, the monitoring system is able to provide fund trustees or their designees with a real time calculation of the fund’s losses. This information is key to many funds who want to know how they have been affected by a securities fraud, such as that which occurred at Enron or Parmalat.
Interim Reports
In addition to periodic reporting, the monitoring program also provides interim information to a fund, based upon the fund’s pre-set thresholds. For example, certain funds may want to be advised immediately of any losses sustained above a certain dollar amount, or a certain percentage of the fund’s holdings. Whatever a fund’s threshold for immediate reporting is, that information will be obtained by the fund if and when an occasion arises that meets its predetermined criteria.
Litigation Report
Provided to Portfolio Monitoring clients involved in ongoing litigation. The litigation report provides up-to-date information detailing the nature and status of all pending litigation of the client, and is provided in a comprehensive, written format for ease of presentation to board members.
