Report generator for allowing a financial entity to monitor securities class action lawsuits and potential monetary claims resulting therefrom and including loss chart selection

1. A computer-implemented apparatus for creating reports of noteworthy securities class action lawsuits customized to show potential monetary claims resulting from the lawsuits for securities purchased or acquired by one or more financial entities, the apparatus comprising:

(a) a database of securities class action lawsuits, the lawsuit database including a subset of securities class action lawsuits that are deemed to be noteworthy by the entity that administers the system, and for each financial entity;

(b) a comparator in a computer that compares transaction activity of a financial entity with records in the database subset of securities class action lawsuits to identify any securities purchased or acquired by the financial entity that are associated with a securities class action lawsuit in the lawsuit database and which may provide a potential monetary claim for the financial entity;

(c) a report creator that automatically creates a report of the noteworthy lawsuits, and for the lawsuits that were identified by the comparator and which are deemed to be noteworthy, the report including the potential monetary claim for the financial entity based on the transaction activity of the financial entity; and

(d) a database that stores a plurality of loss charts, each loss chart being related to a particular security for a particular financial entity and being assigned a unique identifier,

wherein the report includes a selection process that allows a user to input the unique identifier to the loss chart directly from the report so that the loss chart can be retrieved from the database and presented to the user.

2. The apparatus of claim 1 wherein the selection process is the selection of a hyperlink in the report, the hyperlink being associated with the potential monetary claim included in the report.

3. The apparatus of claim 1 wherein the plurality of loss charts includes a plurality of sets of loss charts, each set of loss charts being related to a particular security for a particular financial entity, each set of loss charts including a Summary Chart, a FIFO loss chart and a LIFO loss chart.

4. The apparatus of claim 1 wherein the lawsuits that are deemed noteworthy are lawsuits where the potential market loss for all eligible parties is greater than a predetermined value.

5. The apparatus of claim 1 wherein the report creator automatically deletes the lawsuit from the report when the lead motion due date passes.

6. The apparatus of claim 1 wherein the comparator is adapted to:

(i) access a database of transaction activity for a financial entity, the transaction activity including:

(A) an identification of each security purchased or acquired, and

(B) the date of each purchase, sale and acquisition;

(ii) access a database of securities class action lawsuits, the lawsuit database including pending securities class action lawsuits, the lawsuit database including for each lawsuit:

(A) an identification of all securities associated with the class action lawsuit, and

(B) the class period of the lawsuit;

(iii) automatically compare in a computer the transaction activity of the financial entity with the securities class action lawsuits in the lawsuit database; and

(iv) identify any securities purchased or acquired by the financial entity during the class period that are associated with an entered securities class action lawsuit, wherein the identified securities may provide a potential monetary claim for the financial entity.

7. The apparatus of claim 1 wherein the comparator is adapted to access custodial records of the financial entity to obtain the transaction activity for the financial entity.

8. A computer program product for creating reports of noteworthy securities class action lawsuits customized to show potential monetary claims resulting from the lawsuits for securities purchased or acquired by one or more financial entities, the computer program product comprising computer-readable media encoded with instructions for execution by a processor to perform a method comprising:

(a) maintaining a database of securities class action lawsuits, the lawsuit database including a subset of lawsuits that are deemed to be noteworthy by the entity that administers the system, and for each financial entity;

(b) automatically comparing in the processor transaction activity of a financial entity with records in the database subset of securities class action lawsuits to identify any securities purchased or acquired by the financial entity that are associated with a securities class action lawsuit in the lawsuit database and which may provide a potential monetary claim for the financial entity;

(c) automatically creating a report of the noteworthy lawsuits, and for the lawsuits that were identified in step (b) and which are deemed to be noteworthy, including in the report the potential monetary claim for the financial entity based on the transaction activity of the financial entity; and

(d) maintaining a database that stores a plurality of loss charts, each loss chart being related to a particular security for a particular financial entity and being assigned a unique identifier,

wherein the report includes a selection process that allows a user to input the unique identifier to the loss chart directly from the report so that the loss chart can be retrieved from the database and presented to the user.

9. The computer program product of claim 8 wherein the selection process is the selection of a hyperlink in the report, the hyperlink being associated with the potential monetary claim included in the report.

10. The computer program product of claim 8 wherein the plurality of loss charts includes a plurality of sets of loss charts, each set of loss charts being related to a particular security for a particular financial entity, each set of loss charts including a Summary Chart, a FIFO loss chart and a LIFO loss chart.

11. The computer program product of claim 8 wherein the lawsuits that are deemed noteworthy are lawsuits where the potential market loss for all eligible parties is greater than a predetermined value.

12. The computer program product of claim 8 wherein the report includes a lead motion due date,

and wherein the computer-readable media is encoded with instructions for execution by the processor to perform a method further comprising:

(d) automatically deleting the lawsuit from the report when the lead motion due date passes.

13. The computer program product of claim 8 wherein step (b) is performed by:

(i) accessing a database of transaction activity for a financial entity, the transaction activity including:

(A) an identification of each security purchased or acquired, and

(B) the date of each purchase, sale and acquisition;

(ii) accessing a database of securities class action lawsuits, the lawsuit database including pending securities class action lawsuits, the lawsuit database including for each lawsuit:

(A) an identification of all securities associated with the class action lawsuit, and

(B) the class period of the lawsuit;

(iii) automatically comparing in a computer the transaction activity of the financial entity with the securities class action lawsuits in the lawsuit database; and

(iv) identifying any securities purchased or acquired by the financial entity during the class period that are associated with an entered securities class action lawsuit, wherein the identified securities may provide a potential monetary claim for the financial entity.

14. The computer program product of claim 8 wherein the computer-readable media is encoded with instructions for execution by the processor to perform a method further comprising:

(d) accessing custodial records of the financial entity to obtain the transaction activity for the financial entity.