Liquid Claims Introduces New Forecast Plus Software Tool

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OLD BRIDGE, N.J.--(BUSINESS WIRE)-- Liquid Claims LLC, a leading provider of claims settlement services for investors potentially involved in securities class action suits, has launched Forecast Plus, a cutting-edge software tool developed by its in-house staff of programmers and financial analysts to provide clients with a detailed analysis of the their losses and possible recoveries.

Forecast Plus analyzes and calculates a recognized loss –i.e. the basis for determining how much an investor may receive according to the guidelines set forth by the courts in allocation structures. A recognized loss is calculated using trading data that shows when an investment was made, how long the investor held the security, and other complex factors.

“Programmers typically do not understand precise allocation structures or the legalese in which they are written,” said Erik Cohen Liquid Claims’ Chief Technology Officer. “On the other hand, analysts generally do not understand coding. The Liquid Claims Forecast Plus has reduced the time to program the recognized loss for each new settlement from a week or more to just a few hours.”

Forecast Plus is a user friendly tool that requires no knowledge of programming by an analyst. Using advanced drag and drop technology, analysts click on an icon to collect plan of allocation data and move it easily to the appropriate space on the program. When all the data has been collected, the program builds and validates itself, calculating client losses immediately.

Vadim Parfilko, Liquid Claims’ Software Architect, spearheaded the Forecast Plus project from conception to a working product, with feedback from Jason Heckler, an experienced statistician and financial analyst who has previously been a pension consultant.

“I drew on my experience in developing programs at Forbes magazine for screening and analyzing financial data on some of the largest public companies in the U.S.,” said Parfilko. “Forecast Plus is one of the most advanced tools in the industry and will take this process to a new level in terms of accuracy and speed.”

Parfilko wrote the Forecast Plus program in C# using Microsoft’s.NET technology running on Microsoft SQL Server databases, an industry standard.

“Forecast Plus allows me to focus on the complex rules and process of the plan of allocation without having to worry about the computer code that will perform the calculations,” said Jason Heckler, Claims Process Analyst at Liquid Claims. “Our cutting edge software will reshape the way our clients are able to project their potential recoveries.”

Liquid Claims maintains an extensive database of settlement cases which it scours using a state of the art LiquidQuant TM computer platform to identify opportunities for its clients to recover funds in securities class action suits. A team of knowledgeable accounting and legal professionals provides continual reports and assistance to company clients. Liquid Claims has over 150 clients including institutional investors, asset managers, hedge funds, proprietary trading organizations and other investors.

About Liquid Claims

As the leader in class action settlement recovery, Liquid Claims, with its proprietary business intelligence software, securely analyzes institutional trade data to discover and optimize settlement eligibility. Securities class action claims are electronically filed, then tracked through the claims life cycle providing investment managers with their maximum recovery. The goal of Liquid Claims is to assist clients in participating in every eligible securities class action settlement and serves financial service firms and institutional investors, including: Hedge Funds, Registered Investment Advisors, Proprietary Trading Firms, Pension Funds, Mutual Funds, and Family Offices.

Spring, O’Brien & Co.Beth Leri, 212-402-1676[email protected]

Source: Liquid Claims LLC

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