Criterica Intelligence — 23,790 production models trained on 2.54B+ real court records
Underwriting Report · IC Memo

A bank-grade investment committee memo.
Generated per deal.

Nine sections. Outcome probability, judicial intelligence, financial projections, settlement analysis, portfolio fit, and a recommendation. Every Atlas deal produces one.

The memo, section by section

Every section is computed from real data. None of it is templated prose.

01
01

Executive Summary

Recommendation (APPROVE / CONDITIONAL / DECLINE), confidence score, one-paragraph rationale, and key risk flags. The output that matters — front-loaded for the IC.

RECOMMENDATIONCONDITIONAL APPROVE
CONFIDENCE78%
RISK FLAGS2 MEDIUM · 1 HIGH
02
02

Deal Overview

Plaintiff and defendant (redacted), venue and assigned judge, NOS code, cause of action, claimed damages, funding request, and law firm profile.

NOS CODE850 · SECURITIES
VENUESDNY
CLAIMED$47.2M
03
03

Outcome Intelligence

P(plaintiff win), P(settlement), circuit and district benchmarks drawn from 2.54B+ real records. Five comparable case dispositions with outcomes and durations.

P(WIN)0.62
P(SETTLE)0.79
COMPARABLES847 CASES
04
04

Judicial Intelligence

Assigned judge profile — temperament classification, median resolution time for this NOS code, plaintiff-favorable rate vs. district baseline, notable ruling patterns.

TEMPERAMENTPROCEDURALIST
MEDIAN DURATION26 MO · NOS 850
PLF RATE vs BASELINE+4.2pp
05
05

Financial Projections

NPV at recovery threshold, expected IRR (base / bear / bull), duration scenarios, break-even sensitivity. Full pro forma for the IC packet.

IRR BASE31.4%
IRR BEAR18.2%
IRR BULL47.8%
06
06

Settlement Analysis

Optimal settlement window by month, comparable settlement distribution for this NOS × venue, defendant settlement velocity from EDGAR filings.

OPT WINDOW18–26 MO
EDGAR VELOCITYHIGH · Q2 SIGNAL
SETTLE DIST P50$18.4M
07
07

Portfolio Fit

Concentration check against existing book — this firm, this venue, this NOS. Sector correlation with deployed capital. Impact on capital allocation.

VENUE CONC.14% SDNY
NOS OVERLAPWITHIN LIMITS
CAPITAL IMPACT+8.2% DEPLOYED
08
08

Risk Factors

Top risks ranked by severity — HIGH / MEDIUM / LOW — covering case-specific exposure (expert witness dependency, class cert risk) and systemic factors.

HIGHCLASS CERT · PENDING
MEDIUMEXPERT DEPENDENCY
LOWVENUE TRANSFER RISK
09
09

Recommendation

Final APPROVE / CONDITIONAL / DECLINE with confidence band. Conditions (if conditional). Underwriter signoff area. Model provenance and audit trail ID.

VERDICTCONDITIONAL APPROVE
CONFIDENCE BAND72–84%
AUDIT TRAILat_9f2c847a
23,790
Production models
2.54B+
Court records
9
Sections per deal
<60s
Generation time
The output that matters

Section 09 tells you whether to fund the deal.

IC Recommendation · Section 09
CONDITIONAL APPROVE
Confidence band
78%72–84%
Conditions for approval
01Class certification hearing scheduled within 90 days
02Outside counsel maintains current lead partner assignment
03Funding commitment capped at $3.8M; no upsize without re-score
MATTER REF
2026-████
SCORED AT
2026-03-14 · 09:41 UTC
MODEL
nysd_sec_outcome_v3
AUDIT TRAIL
at_9f2c847a
UNDERWRITER________________
PARTNER REVIEW________________
DATE________________
From memo to monitoring

The memo is not a one-time output. Every section updates as the matter progresses.

New docket filings update risk flags and case posture in real time.

Settlement windows recalibrate as the matter ages against comparable timelines.

Judicial intelligence refreshes when a ruling is issued — temperament classifications update.

Atlas · Underwriting Intelligence

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