Services
Mass Torts & Settlement Administration
LIABILITY ESTIMATION, SETTLEMENT ADMINISTRATION, & BANKRUPTCY TRUST SERVICES
Our team has an array of solutions to meet the unique challenges that mass torts and class actions impose on all parties involved, even in the most complex litigation. Having been involved in many of the largest matters in history, Ankura is specially positioned to provide consulting services to all parties involved.
Calculating damages associated with mass torts or class actions requires a diverse skillset and a comprehensive understanding of the litigation. We combine a multidisciplinary approach with our vast experience to arrive at accurate and defensible estimates.
Ankura routinely leverages its integrated resources to operationalize high-value, complex settlement and trust agreements to ensure efficient, accurate, and equitable outcomes for claimants and other stakeholders. We specialize in leveraging custom technology-enabled solutions, like our proprietary ClaimsOnline platform, to help clients navigate the largest and most complex litigation-related challenges.
25+ Years
of Experience
10 Million
Claims Reviewed
$50 Billion Approved and/or Distributed
Offerings
- Liability Estimation
Estimating complex litigation claims requires knowledge across multiple disciplines. Our team includes PhD economists, CPAs, statisticians, attorneys, and data scientists that work together to arrive at the most comprehensive and robust solution for our clients.
- Testifying and consulting expert services
- Econometric and statistical modeling
- Environmental and toxic tort liability estimation
- Settlement Administration
Ankura has provided mass tort and class action services in some of the highest-profile and most complex matters in history. Our services encompass the entire life cycle of a settlement from settlement design and implementation to claims processing and adjudication.
- Settlement website and claims portal development
- Claims processing
- Notice plan design and evaluation
- Bankruptcy Trust Services
Our experts have served as advisors to trustees, counsel, and other stakeholders for some of the largest bankruptcy trusts established over the past 25 years. Our extensive experience and expertise allows us to offer a comprehensive suite of services tailored to meet the unique needs of each trust.
- Independent oversight and reporting
- Establishment of claim review procedures
- Claims forecasts to determine payment and hold back percentages
- Global Settlement Negotiation and Design
We specialize in providing global settlement design and sizing services that offer strategic resolutions for our clients. By leveraging advanced algorithms and claims matrix design, we deliver efficient analysis to facilitate informed decision-making.
- Future liability forecasting and sensitivity analysis
- Claims valuation and events analysis
- Claims process evaluation and claim rate calculations
- Integrated Secure Technology Capabilities
Our proprietary customizable claims administration platforms (ClaimsOnline) enables claims processing, deficiency notification, release issuance, lien reconciliation, payment reporting, and data analytics in a single, secure system.
- Customized settlement website and claims portal development
- Design of intuitive online claim forms
- User-friendly claims intake capabilities and clear eligibility requirements
- Advanced security measures to protect PII and claims data
- AI-Powered Data Analytics and Settlement Administration
Our proprietary suite features a private, secure generative AI assistant, an AI-enabled computer vision tool that formats data from images and text in any condition into usable structured data, and data and analytics platforms that seamlessly integrate with enterprise data.
- AI assisted claim and document review and analysis
- Data extraction, interpretation, and formatting for integration
- Fraud detection, monitoring, and analysis
- LLM training and model development
- Independent Oversight and Assessment
Our team has extensive experience performing integrity oversight and reporting services for courts, special masters, and other stakeholders in a broad range of complex, sensitive, and high-profile matters. We routinely combine robust claims management capabilities with leading subject matter expertise and cutting-edge technology resources to deliver tailored and cost-effective solutions.
- Claims Facility Audits
We possess significant experience in conducting audits of claims settlement programs across a diverse range of industries and matters. Our expertise ensures that only valid claims are approved and paid. Our audit offering is complimented by Certified Fraud Examiners and licensed medical experts of multiple specialties with testifying experience.
- Remediation Administration
Ankura works across business groups within financial institutions and corporations to establish best practices, liaise with key internal stakeholders, and cut through red tape to efficiently manage all aspects of a remediation program to allow the client to focus on the big picture and their core business operations.
- Analyzation of large volumes of data to assess eligibility
- Setting up a public remediation site with interactive tools for consumers to confirm eligibility and refund amount
- Help desk and call center support
Our Latest Thinking
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Asbestos Litigation, Bankruptcies and Settlement Trusts
Ankura is currently providing expert economic advisory services involving the forecasting and quantification of total liability associated with bodily injury due to asbestos exposure. Ankura leads the design and implementation of a centralized claims processing system (TrustOnline) that has been used to process and pay over 5 million claimants more than $14 billion to date by overseeing the allocation and distribution of settlement proceeds to claimants with asbestos caused injuries such as asbestosis, lung cancer, and mesothelioma. Ankura is also responsible for providing several major asbestos settlement trusts with liability forecasting services, specialized medical claims audits, claims administration and systems and general settlement administration.
The Ankura Difference
Our team brings to bear significant experience—in some cases more than 40 years—with all aspects of settlement administration and developing proprietary technology solutions. Ankura has designed, managed, and overseen the equitable distribution of billions in payments and settlement proceeds to beneficiaries around the world. Our core competencies of forecasting damages associated with mass torts and class actions and building technology solutions add value to our role as settlement administrators.
Key Contacts
- Amy Brockman
Senior Managing Director
Washington, DC
- Mark King
Senior Managing Director
Washington, DC
- Thomas Vasquez
Senior Managing Director
Washington, DC
- Angela McDanal
Senior Managing Director
Washington, DC
- Todd Cryblskey
Senior Managing Director
Washington, DC
- Jeremy V. Haynes
Managing Director
Washington, DC
- John Hays
Managing Director
Washington, DC
