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Reuters spoke with ClaimScore co-founder Don Beshada about the rise of claims fraud in class actions. Fraudulent claims have exploded in the last year, siphoning money out of settlements and threatening the class action system itself.
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ClaimScore, a startup combating fraud in class action lawsuits with AI, closed a $3.15 million seed funding round led by ROC Venture Group.
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ClaimScore, an anti-fraud software solution for class action settlements, secured a $3.15 million seed funding round on Wednesday to resolve the growing fraud problem in the legal industry.
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ClaimScore, a leader in AI-powered claim validation for class action settlements, closed a $3.15 million seed funding round led by ROC Venture Group.
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AI startup ClaimScore, which focuses on detecting fraudulent claims in class action lawsuits, secured $3.2 million in seed funding. The round was led by ROC Venture Group, according to an exclusive report by Axios.
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In a recent article for Law.com, ClaimScore Co-Founder and CPO Bryan Heller explains the challenges of programmatic fraud in mass litigation, as highlighted by the Altria/Juul class action. Settlement administrators were inundated for 14.4 million claims -- nearly five times the anticipated volume -- driven by a surge in AI-based fraud.
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Angeion Group, a pioneer in class action settlement solutions, is pleased to announce its strategic partnership with ClaimScore, an industry leader in AI-driven claim validation software.
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The company behind the first and only AI and machine learning-based claim management and anti-fraud software solution for class action settlements - today announced the launch of its “plug and play” API for class action administrators.
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