Class Action Law Firm Teams Up with Leading Fintech Platform to Help Investors Automatically Collect Settlement Funds
Silver Golub & Teitell LLP, a leading plaintiffs' class action law firm, today announced a strategic partnership with 11th.com, an innovative fintech platform that helps investors automatically recover securities class action settlements. This collaboration addresses a critical problem in the investment industry: the billions of dollars in settlement funds that go unclaimed each year by eligible investors.
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Partnering with 11th allows us to provide a seamless solution for our clients.
Studies show that 97 percent of individual investors and 66 percent of institutional investors fail to collect their share of securities class action settlements. With securities class action settlements totaling approximately $8.7 billion total in 2024, investors are missing out on billions of dollars they are entitled to. 11th.com's automated platform has already served over 50,000 investors and processed more than $250 million in claims, achieving a 100 percent claim acceptance rate.
The collaboration provides SGT's clients with access 11th.com's services through an SGT-branded portal, where they can connect their portfolio, book a demo and access the full range of have access to the full range of 11th.com's services.
“We're excited to partner with 11th.com to ensure our clients and the broader investment community can effortlessly recover what's rightfully theirs,” said Silver Golub & Teitell partner Ian Sloss, who heads the firm's Class Actions practice. “Too many investors are leaving money on the table because they're unaware of available
settlements or find the claims process too complex. Partnering with 11th allows us to provide a seamless solution for our clients that works automatically in the background. “
11th.com's platform operates through a simple three-step process: investors connect their accounts with brokers, custodians, or portfolio reporting systems; the platform's engine automatically scans, matches, and files claims for all eligible funds; and investors receive payouts via direct deposit. The service eliminates the traditional barriers that prevent investors from claiming their rightful settlements, including lack of awareness, complex paperwork, and missed deadlines.
“We're thrilled to work with Silver Golub & Teitell, a firm with such a strong reputation in class action litigation,” said George Semashko, CPO at 11th.com. “Their expertise in class action cases combined with our automated recovery technology creates a powerful solution for investors who have been underserved by traditional settlement recovery processes.”
Silver Golub & Teitell has built a reputation for excellence in plaintiffs' class actions, including recently winning a $145 million securities settlement for investors in a series of mutual funds managed by Allianz Global Investors.
The partnership with 11th.com reflects both organizations' commitment to investor protection and maximizing recovery for those who have suffered investment losses. By combining SGT's litigation expertise with 11th.com's innovative technology platform, the collaboration aims to dramatically increase the percentage of eligible investors who successfully recover settlement funds.
About Silver Golub & Teitell LLP Silver Golub & Teitell LLP is a plaintiffs' litigation firm that pursues life-changing cases in Connecticut and across the United States. The firm pursues complex class actions involving securities, data privacy and other cutting-edge issues, as well as complex commercial litigation, medical malpractice and serious personal injury cases.
About 11th.com 11th.com is a leading fintech platform that helps investors automatically recover securities class action settlements. The platform has served over 50,000 investors, processed more than $250 million in claims, and achieved a 100% claim acceptance rate. 11th.com's automated system scans, matches, and files claims for eligible funds, allowing investors to receive settlements as seamlessly as dividend payments.
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SOURCE Silver Golub & Teitell LLP
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