#United States #Class Action #Stamford #Silver Golub #11th.com

Silver Golub & Teitell Partners with 11th.com to Enhance Recovery for Investors

In a significant move aimed at enhancing investor recovery, Silver Golub & Teitell LLP, a notable plaintiffs' law firm specializing in class action lawsuits, has announced a partnership with 11th.com, a cutting-edge fintech platform. This collaboration seeks to address a serious challenge faced by investors: the millions of dollars in settlement funds from securities class actions that go unclaimed each year.

The Urgent Need for Effective Recovery Solutions

Reports indicate that a staggering 97% of individual investors and 66% of institutional investors do not collect their share of securities class action settlements. In 2024 alone, the total value of these settlements reached approximately $8.7 billion, meaning billions are left unclaimed by investors due to a lack of awareness or the complex nature of the claims process.

A Streamlined Recovery Process

The partnership introduces a solution for clients of Silver Golub & Teitell through an SGT-branded portal that provides access to 11th.com's automated recovery services. This intuitive system allows investors to connect their portfolios and easily book demos to explore available services.

Ian Sloss, a partner at Silver Golub & Teitell, expressed enthusiasm about the partnership, stating, "We’re excited to partner with 11th.com to ensure our clients and the broader investment community can effortlessly recover what’s rightfully theirs. Too many investors are leaving money on the table because they are unaware of available settlements or find the claims process too complex. This collaboration allows us to deliver a seamless solution that works automatically in the background."

The platform simplifies the recovery process into just three straightforward steps:
1. Investors connect their accounts with brokers, custodians, or portfolio reporting systems.
2. 11th.com’s engine automatically scans, matches, and files claims for all eligible funds.
3. Investors receive payouts through direct deposit.

This innovation aims to eliminate traditional barriers that prevent investors from claiming their due settlement funds, such as complex paperwork, lack of awareness, and missed deadlines.

Aligning Goals: A Mutual Commitment to Investor Protection

George Semashko, Chief Product Officer at 11th.com, highlighted the significance of this partnership, stating, "We’re thrilled to work with Silver Golub & Teitell, a firm with such a strong reputation in class action litigation. 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."

This partnership also underscores Silver Golub & Teitell’s commitment to advocating for investors who have suffered losses. The firm has successfully demonstrated its prowess in class action litigation, as evidenced by its recent $145 million settlement for investors in a series of mutual funds managed by Allianz Global Investors.

Conclusion

Ultimately, the partnership between Silver Golub & Teitell and 11th.com represents a pivotal step toward enhancing the recovery process for investors. By integrating SGT’s legal expertise with 11th.com's innovative technology platform, this collaboration aims to significantly increase the proportion of eligible investors who successfully recover funds owed to them from securities class actions. As the investment landscape continues to evolve, such partnerships highlight the growing role of technology in empowering investors to secure their rights and rightful claims without unnecessary hurdles.

For investors, this means better access and a more streamlined approach to reclaiming their funds, paving the way for a future where getting justice for financial losses is as simple as it should be.