Patent ID: 8442895
Filing Date: 2013-05-14
Classification: G06Q

Abstract:
1. A computer-implemented apparatus for creating reports of noteworthy 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, the apparatus comprising: (a) a database of securities class action lawsuits, the lawsuit database including a subset of securities class action lawsuits that are deemed to be noteworthy by the entity that administers the system, and for each financial entity; (b) a comparator in a computer that compares transaction activity of a 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; (c) a report creator that automatically creates a report of the noteworthy lawsuits, and for the lawsuits that were identified by the comparator and which are deemed to be noteworthy, the report including the potential monetary claim for the financial entity based on the transaction activity of the financial entity; and (d) a database that stores a plurality of loss charts, each loss chart being related to a particular security for a particular financial entity and being assigned a unique identifier, wherein the report includes a selection process that allows a user to input the unique identifier to the loss chart directly from the report so that the loss chart can be retrieved from the database and presented to the user.