Distribution Management and Tax Reporting

Optime can also handle the management of fund distribution and tax reporting.  The checks will be monitored to ensure proper delivery and security.  We will also handle the stop payment and reissuance of checks, as well as cancelling expired checks.  Optime presents a status report of the payments to the client firm on a daily or weekly basis.  Optime will manage the reconciliation process of the settlement funds, complete additional distributions to the class, and or handle the Cy Pres process for the client firm.  Optime is also equipped to provide class members with the appropriate tax documents either at the time of distribution or in January of the following year.  We also ensure that all appropriate documents for the settlement are filed completely and accurately with the Internal Revenue Service as well as any State tax authorities.