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    Sonic Security Claims Settlement (SSCS)

SSCS provides service to investors who held shares subject to a recovery from a securities class action settlement. SSCS enters settlement data into the system identifying the securities involved, the dates covered by the settlement, and the calculation used to determine claim amounts. A securities claim exists when it is proven that a false statement was made to the market in order to artificially inflate the stock price.

The system also accepts customer securities transaction data. The system evaluates customer data to determine eligible transactions and the associated recovery value. The system generates claims that can be submitted to a claims administrator. After claims are generated, the system generates billing information that can be used to either withdraw funds from the trust account containing claim awards or to bill customers directly. The system tracks whether or not SSCS has received revenue for each claim it has filed.
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