Spectrum Settlement Recovery Employee Directory
Financial ServicesCalifornia, United States11-50 Employees
Spectrum Settlement Recovery (www.spectrumsettlement.com) is the leading financial products and services company specializing in "Common Funds" - an alternative asset class consisting of pools of money established to compensate eligible companies and individuals for earlier losses. Examples of these funds include: • Proceeds from large antitrust, product defect and securities class action litigation • Trustee funds such as the nearly $10 billion recovered on behalf of victims of the Madoff Ponzi scheme • Non-litigation settlements such as the $20 billion Gulf Coast Claims Facility created by BP to offset damage from the Deepwater Horizon oil spill Spectrum was founded in 2003 with the mission of serving Fortune 1000 companies by recovering their share of Common Funds. Spectrum has recovered, or is in the process of recovering, over half a billion dollars from these funds on behalf of its clients. Spectrum counts nearly a quarter of the Fortune 500 – and other comparable lists – as clients. Spectrum is the largest, best-capitalized and overwhelming leader in the Common Fund space. . Spectrum has been a market innovator; including actions such as obtaining more than $60 million in interest as additional payment owed claimants due to delays in processing. It has also routinely sought and received extended filing deadlines, authority to file claims after official deadlines, and other participant-friendly modification of payment terms.
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