Class Action Claim Recovery

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Chicago Clearing Corporation (CCC) files claims and recovers settlement proceeds for harmed investors in class action litigations. CCC also monetizes (buys) claims upfront or as part of a wind down, along with other contingent assets, such as tax reclaims.  CCC’s serves registered investment advisors, bank trust departments, hedge funds, mutual funds, pension funds, proprietary trading firms, family offices, and high net worth individuals.

  • Provides an online monitoring service capturing all class action settlements, retrieves historical trade data (positions and transactions), establishes daily data feeds with Schwab, converts trade history into one organized and efficient searchable format, scans trade history for qualifying trades, and generates and files electronic claims
  • Calculates recognized loss for claims filed, projects pro rata distribution and estimated class action receivables, manages communications with claims administrators, and reports claim statuses comprehensively online and through CCC’s email notification system
  • Reconciles settlement proceeds with the claims administrators, processes payment per client direction and posts payment information on CCC’s online reporting site

About Chicago Clearing Corporation

CCC was founded in 1993, initially to file claims and make markets in class action coupon settlements. In 2005, CCC began filing claim forms in securities and financial antitrust settlements and is now the undisputed class action services leader. CCC’s experienced staff, state-of-the-art technology and unparalleled customer service make CCC the perfect choice for advisors who custody with Schwab. We would be honored for you to join CCC's 2700 + institutional clients, who manage more than $5 trillion in assets under management. Since 1993, CCC has recovered $1 billion dollars for our clients.

CCC’s experience and expertise are represented by our dedicated staff, who have over 300 years of combined professional experience. This unmatched collection of expertise allows us to provide the most reliable and efficient claims recovery service in the industry. Moreover, CCC has kept its core employees for a decade or more. The staff is seasoned, proficient and expert. We are, without a doubt, the most expert claim filing staff in existence. In each area, from research, monitoring and claims filing to data management and checks distribution, to tackling unusual opportunities or resolving discrepancies, CCC has seen it all and exceeds all. You will quickly recognize, value and laud CCC's exemplary service. 

Indeed, CCC's 99+% client retention rate shows our customer care. CCC prides itself on an unparalleled level of customer support. Client requests always receive a swift, thorough, and courteous response. Even in the current stressful environment, we answer our phone cheerfully and promptly. Our proprietary software and technology are preeminent and designed specifically for CCC's class action claim filing solution. CCC can customize our services for each specific client’s needs. This may include customized reporting, managing claims administrator requests, specialized industry research, distribution rules, and more. 

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API integration is available through Schwab OpenView Gateway®, which is provided by Performance Technologies, Inc. (“PTI”). Single sign-on is provided by PTI. Daily data files and trading integration are available through Charles Schwab & Co., Inc. ("CS&Co"), a registered broker-dealer and member SIPC. Not all third party providers listed on this site have integration agreements with Schwab. Schwab OpenView Gateway® and Schwab OpenView MarketSquare™ are services of PTI.

References to third parties on this site (whether such parties are vendors participating in a service of PTI or independent advisors using a service of a participating vendor) are not an endorsement or recommendation of, or an opinion (favorable or unfavorable), or advice about, or a referral to any product or service of any third party. Advisors are solely responsible for evaluating, selecting, and purchasing products and services offered by third party vendors. Unless indicated otherwise, third parties are independent and not affiliated with PTI or its affiliates.

Schwab Advisor Services includes the custody, trading, and support services of Charles Schwab & Co., Inc. ("CS&Co"), a registered broker-dealer and member SIPC, and the technology products and services of PTI. PTI and CS&Co are separate companies affiliated as subsidiaries of The Charles Schwab Corporation, but their products and services are independent of each other. PTI’s integration solutions integrate data about accounts custodied at CS&Co.

Access to Electronic Services may be limited or unavailable during periods of peak demand, market volatility, systems upgrade, maintenance, or for other reasons.