Leveraging the power of markets to deliver more value for claimants
Certificate Clearing Corporation (CCC) was founded by Jim Tharin, an astute market maker who left the trading pits to create the first market in class action coupon settlements. Coupons have existed for centuries, but in the 1980s attorneys began to settle class action lawsuits with vouchers, and consumers wondered how they would receive real value. The problem: Class members were being required to make a purchase with the defendant in order to take advantage of the coupon, and it did not seem fair.
Marketable vouchers to the rescue
In order to overcome the hurdle of coupons not providing real immediate value, attorneys began to design vouchers that could be sold. Interestingly, someone with buying power and experience in making a market was needed — and that was Jim Tharin. Starting the industry with a BMW voucher case, the enterprise grew into CCC, which now stands alone as the premier market maker for coupon settlements.
Our firm has made a market in over a dozen coupon settlements, and historically have positively impacted redemption rates along the way. As fate would have it, Jim would also be involved in a securities class action settlement as a plaintiff and realized how painstaking the process could be. After discovering many investors were not filing in these settlements, Jim made it his mission to build a recovery service that could help everyone from the mom-and-pop investor to the largest hedge fund investor.
Achieving fair valuation
As a securities class action recovery service, CCC typically handles everything required to file a claim, but can also purchase claims from firms that do not wish to wait for the pay out. Although the approach in valuing securities claims is different from that of coupons, CCC has developed the dual financial and legal expertise to fairly value your claim’s worth. It can often be the case that a firm going out of business will look to sell any illiquid assets and CCC is here to help purchase any type of securities class action settlement claim.
Now more than 30 years in business, CCC is once again pushing the limits of market making by helping businesses and individuals file claims in the class action settlements that span far beyond securities and coupon cases. When filing class action claims for businesses or individuals, we are once again able to offer to purchase their claims if they wish to avoid the uncertainty of a case not paying, or taking years to pay out. Regardless of the type of settlement, CCC is prepared to handle your inquiries and help you achieve success whether you are a plaintiff attorney or a claimant.
Our main tasks as a coupon market maker Include:
- – Conducting auctions to match buyers and sellers
|
- – Negotiating post-auction transactions between buyers and sellers of coupons
|
- – Brokering private transactions between buyers and sellers of coupons
|
- – Purchasing coupons from prospective sellers
|
- – Liquidating market by reselling coupons to prospective buyers
|
For more specific details on how we can help create secondary markets for your settlement, contact us today at 312-204-6970 or email info@certificateclearing.com.
