ROCKVILLE, Md., Dec. 12 /PRNewswire/ -- Institutional Shareholder Services (ISS), the world's leading provider of corporate governance and proxy voting services, today announced major enhancements to its Securities Class Action Service with the creation of an interactive Loss Calculator, which is designed to help pension funds and other institutional investors calculate their potential losses stemming from incidents of corporate fraud.
The December 15 product release will also feature database and portfolio monitoring enhancements that have been central to ISS' industry-leading Securities Class Action Services (SCAS).
Through its securities class actions division, ISS maintains the industry's most comprehensive securities litigation database and provides professional monitoring and claims filing services to public pension funds and investment managers whose clients have a stake in class action suits. ISS is the only firm that delivers a complete, outsourced class action service to specifically help institutional investors meet their fiduciary responsibility to file claims on behalf of eligible accountholders.
"With tens of billions in losses and resulting settlements associated with securities litigation, ISS' Loss Calculator is an invaluable tool for public funds and other institutional investors weighing a possible lead plaintiff decision," said Nick Cafferillo, ISS' Chief Product Officer. "Money managers of all sizes can also use the Calculator to estimate the size of a loss for their clients."
Loss calculations provide portfolio specific and confidential notification of estimated losses throughout the case lifecycle and until disbursement, using three choices of National Association of Public Pension Attorneys (NAPPA) formulas.
Many institutional investors rely on such calculations to help them consider whether to apply to be a lead plaintiff in a newly filed case.
Additional enhancements to ISS' Securities Class Action Services include integration with ISS' Governance Analytics platform for proxy services, portfolio-specific views of cases and settlements, enhanced notifications and, an online report library.
With 15 years of history and over 4000 individual cases tracked, ISS' SCAS database serves as an important compliance tool for institutions that have a fiduciary responsibility to file claims in class action settlements on behalf of their underlying clients.
More than 200 institutions worldwide look to ISS as their partner in carrying out these fiduciary duties. In 2006 alone, ISS filed more than 170,000 claims on behalf of its clients and identified more than $15 billion in pending and tentative securities class action settlements for which claims were still available.
On December 14 at 12:00 noon eastern, ISS will hold a telephonic product briefing to demonstrate the new Loss Calculator and other product enhancements.
To register for the SCAS 3.0 briefing, go to: .
ISS is the world's leading provider of corporate governance and proxy voting solutions.
ISS provides proxy research, voting services and corporate governance advisory services to financial institutions and corporations worldwide. Founded in 1985, ISS is headquartered in Rockville, Maryland with offices in Washington DC, Amsterdam, Brussels, Chicago, London, Manila, Melbourne, New York, Paris, Tokyo and Toronto. For more information on ISS, visit .
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