TCPA Case Study
Risk Settlements saved the company $7.5M and provided a fixed cost solution which removed all of the risk.
Here’s how we did it.
Risk Settlements, the industry leader in structuring class action settlements, evaluates litigation options and designs the optimal settlement structure that will reduce risk and translates into cost certainties for the business.
In this case, Risk Settlements was able to facilitate resolution to the litigation in a cost effective manner and provided a fixed-cost solution which removed all of the risk via CASI. In short, the premium was priced at an “average” payout under the settlement. For this company, this was a compelling solution with the following benefits: the settlement costs were now fixed; the claims volatility, risk and uncertainty were removed; and the company’s balance sheet was clean, allowing the business to expense the premium in one quarter rather than carrying a huge liquidated loss for several quarters or years.
As in this case, Risk Settlements can often help companies design settlements with cost certainties that are considerably more efficient than a similarly-sized traditional common fund settlement. Our expertise in developing efficient settlements and our ability to absorb the risk of any one settlement into a diverse pool of settlements involving various types of defendants, classes, claims and jurisdictions provides companies with the certainty they need to get back to business.
In addition to TCPA settlements, Risk Settlements can assist most any company–regardless of industry, size or type of class litigation–resolve class action litigation quickly and efficiently while backed by full risk transfer to an insurer.