Verita

What Verita does

Verita is a private legal and fiduciary services provider founded in 1980 and headquartered in El Segundo, California, operating through subsidiaries including KCC Class Action Services, Kurtzman Carson Consultants, Gilardi & Co., and RicePoint Administration. The company administers class action settlements, mass tort programs, and corporate restructuring / bankruptcy engagements (Chapter 7, Chapter 11, Subchapter V, receiverships, and ABCs) on behalf of law firms, corporate defendants, courts, bankruptcy trustees, and government entities across the United States, Canada, the United Kingdom, and the European Union. Verita supplements these legacy services with a separate Oracle NetSuite ERP implementation practice serving private equity portfolio companies, delivered alongside implementation partners Bridgepoint Consulting, Bryant Park Consulting, Plative, and Riveron.

Its product surface is anchored by two proprietary platforms: Verita CaseView, a real-time case data and claims portal for clients and administrators, and the Trustee and Fiduciary Services (TFS) Platform, an end-to-end bankruptcy case management system with QuickBooks integration, automated bank reconciliation, UST reporting, specialty fund accounts, and a receiver/ABC management portal. The technology stack also incorporates OCR and data capture for high-volume claim intake, Interactive Voice Response (IVR) systems for claimant communications, and AI-assisted fraud detection and data processing tools (with human-in-the-loop controls and contractual restrictions preventing AI training on personal data). Digital disbursement is supported through PayPal, Venmo, Zelle, Amazon, and Interac, enabling international payouts in USD, EUR, CAD, and ZAR.

Verita generates revenue primarily through engagement-based professional service fees billed to law firms, corporate defendants, courts, bankruptcy trustees, and PE-backed portfolio companies under multi-year contracts. Distribution is exclusively direct enterprise sales via senior business development executives, with prospective clients initiating engagement through 'Request a Proposal' or 'Request a Demo' forms. Cumulative operating scale is substantial — leadership bios reference administration of landmark settlements including Enron ($7.2B), Toyota ($1.3B), Valeant ($1.21B), and AIG ($975M), with one division alone supervising $17B+ in cumulative distributions to over 100M claimants. Marketing is B2B and relationship-driven, leveraging SEO-optimized case-specific microsites, LinkedIn, industry conferences, and earned media from high-profile case appointments.

Name

Verita

Legal name

Verita Global, LLC

Website

https://veritaglobal.com

Company type

Private

Founded year

1980

Operating status

Operating

Headcount range

101–250 employees

Short description

Verita is a private legal and fiduciary services firm that administers class action settlements, mass tort programs, and bankruptcy/restructuring engagements for law firms, courts, corporations, and government entities across the US, Canada, the UK, and the EU, using proprietary platforms (Verita CaseView, TFS) and related Oracle NetSuite ERP implementation services for PE-backed portfolio companies.

Ownership category

akta.pro rank

Product category

Legal & Fiduciary Services

NAICS

Legal Services (5411), Trust, Fiduciary, and Custody Activities (523991)

SIC

Services-Legal Services (8111)

akta.pro primary industry

Trust & Estate Tax Planning & Compliance (FSAEAKAE)

akta.pro secondary industry

Trust & Estate Dispute Resolution & Fiduciary Litigation Support (FSAEAKAJ)

Keywords

• Settlement administration
• Claims administration
• Corporate restructuring services
• Class action administration
• Trustee fiduciary services

Headquarters

HQ city

El Segundo

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Settlement Administration Fees: Verita charges professional service fees for administering class action settlements, mass tort programs, and other legal settlements on behalf of defendants, plaintiffs, and courts. Revenue is generated through engagement-based contracts with law firms, corporate defendants, and government entities.
2. Corporate Restructuring and Fiduciary Services: Fees for administering Chapter 7, Chapter 11, Subchapter V bankruptcy cases, receiverships, and ABC (Assignment for Benefit of Creditors) engagements. Services include claims administration, fund disbursement, reporting, and specialty fund account management, typically billed as professional service engagements.
3. Implementation Consulting Services: Verita provides NetSuite ERP implementation services for private equity portfolio companies, working alongside implementation partners such as Bridgepoint Consulting, Bryant Park Consulting, Plative, and Riveron, delivering financial close automation, billing efficiency, and EBITDA improvement outcomes.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Verita provides legal, fiduciary, and administrative services including settlement administration, mass tort administration, corporate restructuring, and trustee/fiduciary services for bankruptcy cases. The firm supports class action settlements, bankruptcy estates, receiverships, and assignments for the benefit of creditors with proprietary technology platforms and professional staff. Services span pre-filing consultation through final fund distribution, with bilingual support for Canadian and European jurisdictions.

Product overview

Verita is a legal and fiduciary services provider operating as a unified platform with multiple integrated service lines. The core product portfolio includes Verita CaseView (real-time case data portal) and the TFS (Trustee and Fiduciary Services) Platform for bankruptcy case management. These are complemented by specialized administration services: Settlement Administration (US and Canada), Corporate Restructuring, and Mass Tort Administration. The TFS platform is offered at no additional cost to trustees and includes QuickBooks integration, automated bank reconciliation, and a claims import system. Settlement administration services support both class action and individual settlements across consumer and securities categories. The company also facilitates digital disbursements through PayPal, Venmo, Zelle, Amazon, and Interac.

Differentiator

Problem solved

Functional benefit

Brands

• Verita CaseView: Case management platform providing real-time case data access for settlement and restructuring cases
• TFS (Trustee and Fiduciary Services)

Products and services

• Verita CaseView A proprietary online platform providing real-time case data access, enabling clients and administrators to monitor settlement and restructuring case progress, claims submissions, and fund distributions. Part of Verita's integrated platform enabling stakeholders to monitor settlement and restructuring case progress.
• Trustee and Fiduciary Services (TFS) Platform An end-to-end case management platform for Chapter 7 and Chapter 11 bankruptcy processes, Subchapter V cases, receivership, and ABC (Assignment for Benefit of Creditors) administration. Includes disbursement management, claims processing, UST reporting capabilities, automated bank reconciliation, claim import, distribution management, and QuickBooks integration. Mobile-compatible across Apple, Android, tablets, PC, and Mac. Includes specialty fund accounts, disbursement services, and a receiver/ABC management portal.
• Settlement Administration - US Class action and consumer settlement administration services for US cases, including claims processing, notice campaigns, and distribution management. Supports both class action and individual settlements across consumer and securities categories.
• Settlement Administration - Canada Class action and consumer settlement administration services for Canadian cases, including bilingual (English/French) call center support from Montreal. Supports Canadian class action, financial restructuring, and non-contentious compensation plan administration.
• Corporate Restructuring Award-winning administrative services for corporate restructuring engagements, from pre-filing preparation through claims administration, leveraging innovative technology and responsive service. Covers Chapter 7, Chapter 11, Subchapter V, receiverships, and ABC (Assignment for Benefit of Creditors).
• Mass Tort Administration Comprehensive mass tort administration with a fully integrated suite of services providing start-to-finish support tailored to law firm needs, including claimant notification, claims intake and review, lien resolution, medical record processing, multi-party settlement coordination, and equitable fund distribution.
• NetSuite ERP Implementation for PE Portfolio Companies Enterprise ERP implementation and operational transformation services delivered through Verita's Oracle NetSuite Alliance Partnership and implementation partners including Bridgepoint Consulting, Bryant Park Consulting, Plative, and Riveron. Delivers measurable outcomes including reduced costs, faster financial close, improved billing efficiency, and increased EBITDA for portfolio companies of GCP Capital Partners, TA Associates, PSG Equity, TPG, and Lorient Capital.
• Specialty Fund Accounts and Disbursement Specialty fund accounts and disbursement agent services supporting settlement payments and bankruptcy estate distributions. Supports international payments in multiple currencies (USD, EUR, CAD, ZAR) and digital payment channels including PayPal, Venmo, Zelle, Amazon, and Interac, facilitating payouts to over 100 million claimants.

Quantifiable outcome

• $17 billion+ in assets distributed across 7,700+ distributions and 31 million+ payments over the past decade
• +5 more outcomes

Named customers15 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

AI capability1 record

Feature5 records

Partnerships

Six partnerships are on record, tiered core and supporting.

• Oracle NetSuitecoreTechnology or Integration · 24 October 2024Verita is an Oracle NetSuite Alliance Partner, having won the 2024 Alliance Partner Spotlight Award in the private equity category. Verita delivers NetSuite ERP implementations to private equity-backed portfolio companies, achieving outcomes including reduced costs, faster financial close, improved billing efficiency, and increased EBITDA. The partnership enables Verita to offer integrated financial transformation services alongside its legal and fiduciary service offerings.
• Bridgepoint ConsultingsupportingImplementation/ SI/ Consulting PartnerBridgepoint Consulting is one of the NetSuite implementation partners with whom Verita collaborated to deliver ERP solutions to PE-backed portfolio companies, resulting in measurable operational and financial improvements.
• Bryant Park ConsultingsupportingImplementation/ SI/ Consulting PartnerBryant Park Consulting is one of the NetSuite implementation partners that collaborated with Verita on ERP implementations for private equity portfolio companies, delivering results in cost reduction, financial close acceleration, and billing efficiency.
• PlativesupportingImplementation/ SI/ Consulting PartnerPlative is a NetSuite implementation partner that worked alongside Verita on ERP transformation projects for PE-backed portfolio companies, contributing to improved EBITDA outcomes.
• RiveronsupportingImplementation/ SI/ Consulting PartnerRiveron is a NetSuite implementation partner that collaborated with Verita on ERP implementations for PE portfolio companies, helping drive financial close efficiency and billing improvements.
• Third-Party AI Technology ProviderssupportingTechnology or IntegrationVerita engages third-party service providers for AI-assisted technologies to support administrative functions including data processing and fraud detection. These providers are contractually required to process personal information only in accordance with Verita's instructions, maintain confidentiality and security, and not use personal data for their own independent purposes including training AI models.

Scale indicators6 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Alvarez & Marsal: Alvarez & Marsal is a global professional services firm with a large restructuring practice that, while broader than Verita's trustee services, is a frequent competitor for corporate restructuring advisory and interim management engagements involving distressed situations.
• FTI Consulting: FTI Consulting's Corporate Finance & Restructuring segment provides restructuring advisory and interim management services, competing with Verita in distressed situations while also offering a broader consulting portfolio that surrounds Verita's core fiduciary work.
• Ankura Consulting: Ankura provides restructuring, forensic, and claims management services that overlap with Verita's corporate restructuring and claims administration practices, operating as a larger incumbent across the same distressed-solutions space.

Direct peers

• Kroll: Kroll's Claims Administration group provides class action, mass tort, and bankruptcy noticing services to law firms and corporate defendants, overlapping directly with Verita's settlement administration and TFS offerings and competing for similar large-case engagements.
• Heffler Claims Group: Heffler Claims Group is a class action settlement administrator that handles consumer, securities, and antitrust settlements, directly overlapping with Verita's settlement administration and data breach litigation work.
• Epiq: Epiq is the largest dedicated class action settlement administrator, formed by consolidating Garden City Group, Rust Consulting, and Brown Greer. Verita competes head-to-head with Epiq for large class action, mass tort, and bankruptcy noticing engagements, and Epiq's scale gives it the most directly comparable service suite.
• Donlin Recano: Donlin Recano is a claims, noticing, and solicitation agent frequently used in complex Chapter 11 restructurings. It directly competes with Verita's bankruptcy administration services for the largest restructuring cases.
• Stretto: Stretto is a leading bankruptcy noticing, claims administration, and discharge services agent for Chapter 11 and Subchapter V cases. It directly competes with Verita's TFS platform for court-appointed trustee technology and noticing work.
• Prime Clerk: Prime Clerk provides bankruptcy noticing, claims administration, and solicitation services to debtors and trustees in large Chapter 11 cases. It is a direct competitor to Verita's corporate restructuring and TFS services.

Others

• Tyler Technologies — Bankruptcy Court Software Group: Tyler Technologies owns former Bankruptcy Management Solutions and provides case-management and noticing software used by bankruptcy trustees and courts — adjacent infrastructure that powers portions of the bankruptcy administration workflow in which Verita competes.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/kcc-llc

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Verita