Post-Settlement Service Monetization
Helping recovery service providers and settlement administrators to monetize settlement fees and commissions.
A Class Member appoints a claims manager as its agent for filing a claim and recovering a distribution from a settled lawsuit. The Claims Manager prepares and then files such claim to the Settlement Administrator.
Instead of waiting, the Claims Manager gets paid for their invoices weeks earlier, minus a small discount. This is money that was already due to them, so it is not a loan or debt. They can now use this freed-up capital however they wish:
After approving the claim, the settlement administrator makes a distribution to the class member. A portion of distributions are now used to repay Raistone while the balance will be remitted to the Class Member.