Western Alliance Bank's Settlement Services Group is excited to share it's latest research report looking at the complex issues and nuanced perspectives of legal trends including Cy Pres, Objectors, Quick-Pay and the Rule 23 Amendments.
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Western Alliance Bank offers specialized banking for law firms, claims administrators and related businesses managing class action, mass tort and bankruptcy settlements. We bring you years of expertise in supporting all phases of the settlement process from escrow through distribution with a single point of contact. Our committed team offers a highly personalized banking experience with a focus on exceptional service, flexibility and responsiveness.
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Francesca Castagnola -
Dana Rager -
Heather Magic -
Sondra Monroe -
Darin Zabriskie -
Randy McPhail
Senior Managing Director
Senior Vice President
Senior Vice President
Vice President
Our expert team of settlement services relationship bankers offers specialized solutions including:
- • Escrow depository agent
- • Qualified settlement fund (QSF) banking
- • General litigation settlement fund banking
- • Bankruptcy receiverships and court appointed monitorships
- • Simple to complex attorney-focused fiduciary accounts
- • Full-service banking including operating and IOLTA accounts, and financing1 for working capital and case costs
- • Money market accounts2
- • Custom-tailored treasury management services
- • Streamlined account opening process
- • Same-day turnaround time for new accounts following initial setup phase
Our committed team provides a highly personalized and transparent banking experience with exceptional service, honesty, integrity and flexibility.
1. All offers of credit are subject to credit approval.
2. Withdrawal transaction limits apply. Refer to disclosures provided at account opening and the Schedule of Fees and Charges for additional information.
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- Distribution Phase Solutions
- Escrow Phase Solutions
- Broader Banking Solutions
- Select Cases We've Supported
- Reporting tools tailored for various accounting software
- Fraud protection
- Master agreements simplifying setups
- Direct relationships with law firm and claims administrator
- Wide range of payment options available
- Variety of federally guaranteed deposit and investment options
- Customized product suite
- Competitive interest rates and fee structure
- Master agreements simplifying setups
- Direct relationship with co-counsel
Western Alliance Bank is a full-service financial institution for law firms and claims administrators, with a specialty in banking of qualified settlement and other litigation funds. We offer a full suite of customizable business banking products and solutions for the legal profession, including lending, deposit and treasury management, all designed to respond to your needs and timelines.
- $20 million business code violation settlement distributed to 1 million claimants
- $1 billion criminal/civil pharma settlement distributed to 225,000 claimants
- $1.6 billion securities class action distributed to 35,000 claimants
- $408.5 million antitrust settlement distributed to 250,000 claimants
- $135 million employment law violation settlement distributed to 8,000 claimants
- $1.025 billion securities fraud to be distributed to claimants in 2021
Recognized as industry thought leaders, our Settlement Services team hosts an Annual Class Action Law Forum and develops continuing education resources including webinars and insights articles on various key industry topics.
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Research Highlights Legal Industry's Views on Cy Pres, Objectors, Quick-Pay and Rule 23Learn More
Western Alliance Bank Settlement Services releases it's 2021 research report covering the complex issues and nuanced perspectives of objectors, cy pres, quick-pay and Rule 23.
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2021 Class Action Law Forum™ HighlightsLearn More
In April 2021, top class action practitioners gathers for the 3rd Annual Western Alliance Bank Class Action Law Forum™ to discuss leading class action trends and topics.
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Tips on Navigating the MDL Process - a CLE-Eligible WebinarLearn More
Register to access this free CLE-eligible webinar to help legal practitioners and others better understand the current multidistrict litigation landscape.
Western Alliance Settlement Services, a national banking group within Western Alliance Bank, Member FDIC, specializes in banking for law firms, claims administrators and related businesses managing class action, mass tort and bankruptcy settlements. This team of expert bankers brings clients years of experience and offers exceptional service in supporting all phases of the settlement process, from escrow to distribution, with a single point of contact. Western Alliance Bank is the primary subsidiary of Phoenix-based Western Alliance Bancorporation, with approximately $50 billion in assets. The bank is again #1 best-performing of the 50 largest public U.S. banks in the new S&P Global Market Intelligence listing for 2020 and ranks high on the Forbes “Best Banks in America” list year after year. Serving clients across the country wherever business happens, Western Alliance Bank operates individually branded, full-service banking divisions and has offices in key markets nationwide.