Reports are automatically created of securities class action lawsuits
customized to show potential monetary claims resulting from the lawsuits
for securities purchased or acquired by one or more financial entities.
To produce the reports, a database of securities class action lawsuits is
maintained. The lawsuit database includes a subset of securities class
action lawsuits that are deemed to be noteworthy by the entity that
administers the system. A comparison is made for each financial entity of
transaction activity of the financial entity with records in the database
subset of securities class action lawsuits to identify any securities
purchased or acquired by the financial entity that are associated with a
securities class action lawsuit in the lawsuit database and which may
provide a potential monetary claim for the financial entity. A report is
then created for each financial entity showing the noteworthy lawsuits.
For the lawsuits that were identified as providing a potential monetary
claim for the financial entity and which are deemed to be noteworthy, the
report includes the potential monetary claim for the financial entity
based on the transaction activity of the financial entity. A similar
process occurs for creating a watchlist report of securities class action
lawsuits of interest to financial entities customized to show potential
monetary claims resulting from the lawsuits for securities purchased or
acquired by one or more financial entities.