SOUTH HACKENSACK, N.J., June 20, 2016 /PRNewswire/ -- Financial Recovery Strategies ("FRS"), a leading Class Action Recovery Firm, is proud to welcome Norman Jung as the newest addition to their team. In his role as Executive Vice President, Mr. Jung will assist FRS CEO Michael Epstein and help develop new business opportunities.
"I couldn't be more excited to have Norman as part of our executive team. He brings an incredible wealth of knowledge and experience enhancing our abilities to help our clients. I'm looking forward to exploring new opportunities where we can help save and recover even more money for the businesses we work with," said Michael Epstein, FRS's CEO.
Mr. Jung joins FRS with over 20 years' experience in the class action industry, most recently as Vice President of Operations with a multinational class action claim recovery company. In his previous role he led both securities and antitrust class action recoveries for hedge funds, institutional investors and numerous Fortune 500 companies. He was responsible for assisting clients in the recovery of over $200 million. Mr. Jung has successfully implemented systems to efficiently gather and process transactions totaling over $10 billion. He navigated the complex corporate structures of many publicly listed companies, in many cases involving collecting and processing millions of individual records. Mr. Jung has also facilitated the claim filings in international cases. As a class action administrator with Heffler, Radetich & Siatta, LLP, a pioneer in the class action administration field, Mr. Jung has processed over ten thousand claims including the first class action case to be fully administered over the internet in the Asbestos School Litigation Fund. During his time as an administrator he was responsible for settlements valued in excess of $500 million. He has also established and managed fraud protection systems for class action claims. This combination, both as a third party claim filer and class action administrator, brings an additional level of experience and value to the FRS team.
"With Norman's experience and our shared passion for the class action claim recovery industry, we can talk for hours about ways to can help our clients. It's a lot fun," Mr. Epstein added.
Financial Recovery Strategies (FRS) is a leading class action settlement claims recovery consulting firm. Its mission is to provide its clients with industry leading services without up-front cost or risk, while adhering to the highest level of professional ethics and standards. FRS provides a vast array of services, including providing effective notification of settlements in which clients may be eligible; performing research to assure that all appropriate businesses are included in the claim process; providing advice on what, if any, documents need to be collected, and, when required documents are not available or are too burdensome to collect, developing alternate means to satisfy documentation requirements; preparing, assembling, submitting claims packages and managing them throughout the administration process, including addressing any concerns or questions raised by claims administrators; providing regular updates on the recovery process and related developments; and auditing payments to identify and resolve any underpayments. Founded in 2008, FRS has already been responsible for obtaining over $100 million in class action settlement recoveries for its clients.
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SOURCE Financial Recovery Strategies