ISS SCAS reports the global company managed $36.2 billion in settlements and administered more than half of total claims

NEW YORK – March 18, 2024 — Epiq, a global technology-enabled leader to the legal industry and corporations, earned the top rank among claims administrators by Institutional Shareholder Services Securities Class Action Services (ISS SCAS).

According to data recently released in the ISS SCAS report, “The Top 100 U.S. Class Action Settlements of All Time,” Epiq was the most frequently selected claims administrator of all time, having administered 53 percent of claims, whereas the closest competitor completed only 23 percent. In total, Epiq managed $36.2 billion in settlements, more than $15 billion over the next closest claims administrator.

“Our continued spot at the top of the list did not come as a surprise, but is a welcome affirmation of the hard work our securities team has completed over the past several years on behalf of our clients,” said Cameron Azari, Senior Vice President at Epiq, who oversees the design and implementation of legal notification and claims administration programs. “Epiq made a conscious decision six years ago to heavily invest in our securities claims administration infrastructure, and it continues to pay off for our clients.”

Epiq’s reputation as the global leader in class action administration has been reinforced through the successful management of some of history’s largest settlements. Epiq is known for delivering best-in-class people, technology, and service for class action administration matters anywhere in the world, regardless of size or complexity.

According to the ISS SCAS report, 2023 delivered a banner year for investor recoveries, as the $7.9 billion in settlement funds across the globe reached the highest total in the last five years. Recorded settlement funds in 2023 surpassed last year’s robust year by approximately $600 million. The $5.8 billion specifically secured in securities class actions in the U.S. was also up 18 percent from 2022.

About Epiq
Epiq, a global technology-enabled services leader to the legal industry and corporations, takes on large-scale, increasingly complex tasks for corporate counsel, law firms, and business professionals with efficiency, clarity, and confidence. Clients rely on Epiq to streamline the administration of business operations, class action, and mass tort, court reporting, eDiscovery, regulatory, compliance, restructuring, and bankruptcy matters. Epiq subject-matter experts and technologies create efficiency through expertise and deliver confidence to high-performing clients around the world. Learn more at www.epiqglobal.com.

Press Contact
Carrie Trent
Epiq, Director of Communications
Carrie.Trent@epiqglobal.com