Proxy Governance and Class Action Claims Management reached an agreement to provide securities class-action research and claims filing services for institutional investors, according to a statement from Proxy Governance.
"This strategic alliance will provide our clients with access to information on hundreds of pending settlements," Steven M.H. Wallman, Proxy Governance CEO, said in a statement. "There currently is approximately $30 billion available to investors in securities class-action settlements. However, less than 30% of institutional investors regularly file claim forms to participate in these settlements. For a large institutional investor, this could mean millions of dollars per year left on the table."
"We share Proxy Governance's goal of building long-term shareholder value," Michael Egan, CAMC managing director, said in the statement.