Spectrum Settlement Recovery is a financial products and services company founded in 2003 and headquartered in the United States. It specializes in "Common Funds," an alternative asset class comprising pools of money established to compensate eligible companies and individuals for earlier losses. Examples of these funds include proceeds from large antitrust, product defect, and securities class action litigation, trustee funds such as the nearly $10 billion recovered on behalf of victims of the Madoff Ponzi scheme, and non-litigation settlements such as the $20 billion Gulf Coast Claims Facility created by BP to offset damage from the Deepwater Horizon oil spill. Spectrum's mission is to serve Fortune 1000 companies by recovering their share of Common Funds. With its market leadership, Spectrum has recovered over half a billion dollars from these funds on behalf of its clients. It counts nearly a quarter of the Fortune 500 as clients and operates as the largest and best-capitalized company in the Common Fund space. Spectrum has been a market innovator, obtaining more than $60 million in interest as additional payment owed claimants due to delays in processing. Additionally, it has routinely sought and received extended filing deadlines, authority to file claims after official deadlines, and other participant-friendly modification of payment terms.
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