CCB

What CCB does

Claims Compensation Bureau, LLC (CCB) is a specialized U.S.-based financial services firm that purchases, files, and monitors securities and antitrust class action claims on behalf of institutional investors and corporate clients. Founded in 1996 by Brad Heffler, CCB pioneered the third-party class action claims filing industry as the first firm to handle both securities and antitrust class actions. The firm operates four interconnected services: ongoing claim filing and case monitoring, retroactive catch-up filing for expired claim deadlines, claims purchasing for clients (often hedge funds) that need immediate liquidity rather than waiting years for recoveries, and customized consulting arrangements. All services are delivered through a contingency-based fee model, with CCB stating "we do not get paid until you get paid."

CCB's underlying technology is a proprietary database covering more than 4,400 settled class actions over 20+ years and representing over $240 million in gross client recoveries since 2010. The firm uses this dataset to monitor all settlements on behalf of clients, perform data parsing and extraction across voluminous client trading records, identify eligible retroactive claims, and submit complete claim forms to claims administrators. The product surface is service-led rather than software-led: there is no public API, no mobile application, and no disclosed automation platform, although the 2023 hiring of a VP of Information Systems & Analytics signals investment in data engineering and analytics infrastructure.

CCB is a wholly-owned subsidiary of PRA Group, Inc. (Nasdaq: PRAA), a publicly traded debt and claims recovery company subject to SEC and Sarbanes-Oxley reporting. As an LLC domiciled in Virginia, CCB serves customers across the United States and reportedly Europe, targeting hedge funds, proprietary trading firms, market makers, mutual funds, endowments, trust companies, custodians, investment managers, pension funds, and Fortune 500 corporates in the financial services, hospitality, and healthcare sectors. Go-to-market is direct enterprise field sales complemented by case-study content marketing and a corporate website.

Name

CCB

Legal name

Claims Compensation Bureau, LLC

Website

https://claimscompensation.com

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Norfolk

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Claims Filing Services: CCB charges contingency-based fees for filing class action claims on behalf of institutional investors and corporate clients. The company explicitly states 'We do not get paid until you get paid' indicating performance-based pricing.
2. Claims Purchasing: CCB offers immediate recovery for claimants who might otherwise wait years for possible recoveries, providing liquidity for claimants. This works especially well for hedge funds that have closed or anticipate closing.
3. Consulting Services: Customized consulting arrangements with fee structures tailored to the scope of services requested by each client.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

CCB is a consulting firm that files, monitors, and manages securities and antitrust class action claims on behalf of institutional investors and corporate clients. Using a proprietary database of more than 4,400 settled class action cases covering 20+ years, CCB identifies eligible claims, files and tracks them to maximize monetary recoveries. The firm also purchases claims to provide immediate liquidity and offers retroactive catch-up filing for expired deadlines.

Product overview

CCB (Claims Compensation Bureau) is a pioneer and leader in purchasing and filing of securities and antitrust class action claims on behalf of institutional investors and corporate clients. The company offers a unified set of claims management services built around a proprietary database of over 4,400 settled class actions representing over $240 million in gross recoveries since 2010. The core portfolio consists of four interconnected services: Claim Filing and Case Monitoring (ongoing monitoring and filing), Retroactive Filing (catch-up service for expired deadlines), Claims Purchasing (immediate liquidity), and Consulting (customized arrangements). All services operate through a 'we don't get paid until you get paid' model and track claims until paid.

Differentiator

Problem solved

Functional benefit

Products and services

• Claim Filing and Case Monitoring Ongoing monitoring of all class action settlements on behalf of institutional investor and corporate clients, with analysis of company data and filing of complete and timely claims to maximize recoveries. Includes tracking of 100% of filed claims until paid.
• Retroactive Filing Catch-up service that compares a client's transactions against hundreds of old cases with expired claim filing deadlines to identify eligible claims missed in prior years and file them quickly for recovery.
• Claims Purchasing Provides immediate recovery by purchasing claims from claimants who would otherwise wait years for potential recoveries. Especially valuable for hedge funds that have closed or anticipate closing.
• Consulting Customized consulting engagements with fee structures tailored to each client's specific scope of services, designed around the unique needs of institutional investors and corporate clients.

Quantifiable outcome

• Over $240 million in gross recoveries since 2010
• +4 more outcomes

Named customers6 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators6 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Institutional Recovery Services (IRS): Direct peer in third-party class action claims filing and retroactive recovery for institutional investors. Competes head-to-head for hedge fund, mutual fund, and pension fund mandates with similar contingency pricing.
• Heffler Claims Group: Specialized class action claims filing and administration firm with a long track record in securities and antitrust settlements. Closest direct peer to CCB given similar service portfolio, contingency-style engagement, and focus on institutional claimants.
• Strategic Claims Services: Provider of class action claims filing, notification, and administration services to institutional investors. Direct competitor offering comparable claim-filing and tracking services for securities and antitrust settlements.
• Class Action Capital: Specialty firm focused on purchasing and filing class action claims on behalf of institutional investors. Closely aligned with CCB's claims purchasing and contingency-based recovery model, particularly for hedge funds and asset managers.

Emerging players

• Beringer Capital / Litigation Capital Group: Litigation finance and claims purchasing entity that competes with CCB's claims purchasing service, particularly for hedge fund wind-downs and fund managers seeking immediate liquidity on class action recoveries.

Broad incumbents

• Epiq Systems: Large global legal services and class action administration company (including the former Garden City Group). Competes with CCB on institutional claim filing while also serving a much broader e-discovery, settlement administration, and restructuring client base.
• FTI Consulting: Large global advisory firm with a securities litigation and class action claims practice. Competes with CCB by offering claim-filing and recovery services as part of a broader portfolio of expert and consulting services to large corporates and financial institutions.
• PRA Group, Inc. (parent company): Publicly traded parent of CCB (Nasdaq: PRAA) and global leader in debt purchasing and recovery. Not a direct competitor but a key ecosystem participant that provides corporate, governance, and analytics backbone to CCB's class action claims business.
• Ankura Consulting: Global advisory firm with a dedicated class action and financial services practice. Provides claims filing and recovery services alongside broader expert services, competing with CCB for institutional and corporate clients.
• JND Legal Administration: Class action and legal administration firm (a Donlin Recano affiliate) providing settlement administration, notice, and claim filing services. Adjacent competitor to CCB with deeper ties to plaintiffs' counsel and claims administrators.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/ccbclaims

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 CCB