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Class Action Funds Recovery & Monitoring

Class Action Funds Recovery | man handing a check to another man | SIB Fixed Cost Reduction

Don’t Leave Money On the Table: Stake Your Claim

Want to file a claim against a class action lawsuit but dread the paperwork? Our class-action settlement experts relieve the burden of filing claims, tracking deadlines and monitoring progress. SIB provides our clients with a full, turn-key solution to file claims in settled cases. The following cases are currently open.

Delta Dental Insurance: Filing deadline TBD
Incorrect Credit Card Processing Fees (Canada): Filing deadline TBD
Optical Disk Drive (Canada): Filing deadline TBD
Reynolds and CDK: Filing deadline TBD

When you let SIB handle your class action claim, we will:

  • Thoroughly review the court’s Plan of Allocation to determine the best method to file a claim
  • Gather the necessary documentation needed to file a claim effectively. When documentation is unavailable or impractical to obtain, they will develop alternative methods to satisfy the documentation requirements, even if they have to compile and analyze relevant records to determine claim amounts.
  • Customize, prepare, and submit claims on your behalf
  • Manage the claim throughout the administration process
  • Address any questions or concerns presented by the claims administrators
  • Provide transparency through regular updates during the recovery process
  • Audit payments to our clients to assure payouts are fair and accurate

SIB claim filing services are provided under the same shared savings compensation model featured in our Shared Savings Service Agreement.

Getting Started
Your SIB sales rep will send you a Claim Service Agreement for signature. Once the signed Claim Service Agreement has been returned, our staff will work with your designated contact to collect the necessary documentation to file your claim properly. You can also opt to sign a master monitoring agreement, and SIB will monitor and file for all claims that apply to your company.

Documents & Deadlines
What documentation is needed from you? There are multiple ways to show your claim amount for each claim, but here are some examples of documentation needed to file properly:

  • Purchase records (e.g., operating expenses, capital improvements or any records that would contain spend figures related to the respective claim)
  • Site list (including relevant site information such as number of rooms, date of construction, etc.)
  • Tax ID and date of incorporation

If these records are unavailable or too burdensome to recover, SIB will work with your designated contact to develop an alternative method to calculate your claim amount. Documentation must be submitted to SIB before the filing deadline.

Funds Monitoring
SIB continuously researches settlements–not only within the spend categories we review but also those outside of our standard cost savings analysis that are applicable to the many industries we serve. We only pursue claims that are settled, and that means there is already money on the table.

Claim Filing
SIB assumes the administrative burden of compiling the proper documentation, filing the claims that are eligible in accordance with deadlines and extensions, and monitoring progress until funds are disbursed.

Ongoing Service
Did you know that failure to participate in a particular claim for ever option you out of future extensions and additional claims? Let SIB monitor cases, file for you and recover your money.