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😱 Am I Gonna Get in Trouble for This?
Debunking ‘the perils’ surrounding class action settlement participation
Class Action Connection
May 02, 2024 • Est. Read Time: 9 minutes
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Good afternoon. Ever wondered, "Can I get in trouble for participating in a class action settlement?" What if it’s your favorite phone maker or even your employer that’s been sued and is about to make payouts? It’s a great question to ask, but don’t start worrying yet; we're debunking 'the perils' around participating in the settlements. Let’s dig in.
In Today’s Newsletter:
😱 Am I Gonna Get in Trouble? Unpacking it so you can ‘claim on’ without fear.
🗃️ Case Docket: Visa Mastercard, Chicken Price Fixing, and Walmart Weighted Groceries – check out these BIG settlements before they’re gone!
🎯 Together with Bullseye Trades: Daily hot stock & options trading ideas.
🥡 Thursday Takeaways: Our weekly list to help fuel your growth!
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CLASS ACTION BASICS
😱 Am I Gonna Get in Trouble for This?
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Here’s a question we encounter: "Can I get in trouble for participating in a class action settlement?"
Unlike participating directly in the lawsuit, if you’re looking to get in at the end of the line (i.e., at the settlement), all of this work has been done on YOUR behalf and all the others affected. The real question is, “what are you waiting for?”
Still worried? Don’t be. Individuals and businesses joining a class action settlement for which they qualify aren’t heading for trouble! We’ll cover participating in a lawsuit in a later newsletter… but for now, let’s address some settlement-related questions:
Can I get in trouble with the Defendant involved?
Nope! Defendants aren't privy to the list of claim filers, as the courts and judges ensure there's no room for retaliatory antics. The courts overseeing the case will appoint a claims administrator – a neutral third party – that’s responsible for member identification and funds distribution.
What if that Defendant is my employer?
No again. The same rules apply – defendants, even if they're your employer, can't peek at the list of claimants. Courts and judges won't stand for any funny business – plus, federal law protects you against retaliation from your employer if you participate in the lawsuit (not just settlement).
Is there a way I could get in trouble?
Here’s one: submitting a claim in a case you DON’T qualify for. Remember, this is the legal system we’re dealing with and perjury exists… be smart and file for settlements that apply to you. Plus, don’t ruin it for the rest of us.
⏱️ TL;DR: Here’s the Scoop
It's actually in the Defendant's best interest for you (and MANY others) to qualify for the settlement. Why?
🍯 Settlement Fund: That money is earmarked for payment, and unless their legal team pulled off some magic and negotiated unclaimed funds returned to the company, that money is as good as gone.
🧑🤝🧑 Claimants: The more that qualify for the settlement, the more that are no longer eligible to sue down the road for the same issue. In many cases, Defendants will provide records of those potentially affected to make the list as far-reaching as possible AND THUS reduce the chance of further litigation.
💲Get Paid: Guess what? You could qualify for a settlement whether you file a claim or not. So why not file your claim and make sure you get paid (only IF you qualify!)?
Take Action Today!
Check out our settlements page to see if we have any active opportunities that you may qualify for!
Remember, nothing in this newsletter is legal advice and content is created for informational and educational purposes only. If you need legal advice, do yourself a favor and hire a professional.
IN PARTNERSHIP
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WHAT ELSE IS GOING ON
🗃️ Case Docket
More cases that could be affecting you! Click on any of these below or check out our website for our full list of open settlements.
CURRENTLY FILING:
Business: 💳 Visa Mastercard - get funds back for you business’s card transaction fees paid from 2004-2019.
Personal: 🍗 Chicken Antitrust - get paid back on the raw (fresh or frozen) chicken you purchased between 2009-2020.
Personal: 🍊 Walmart Weighed Groceries - get up to $10-25 (without receipts) or 2% of purchases up to $500 (with receipts) for overcharged weighted groceries.
COMING SOON:
Business: 🚚 Hino Trucks Emissions - Hino truck owners/lessees could qualify for up to $1,500-$15,000 per settlement class truck.
Personal: 🏠 Real Estate Antitrust - get money back from inflated commissions you paid to real estate agents when you sold your house.
Nothing catching your eye but know someone you think might qualify? Do them a solid and send them this email – share this newsletter.
THURSDAY TAKEAWAYS
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–––––––– 📝 FINE PRINT 🖨 ––––––––
We’re all trying our best to be smart people and make responsible choices here. Nothing in this newsletter is legal or financial advice and content is created for informational and educational purposes only. If you are looking for legal and/or financial advice, help yourself out and hire a professional. We appreciate you checking out our newsletter and look forward to bringing more exciting (and dollar filled) settlement opportunities to your inbox! 🤞🤞🤞
DISCLAIMER: You don’t have to use a third party like CAC and can always file a claim on your own. If you’re a settlement class member, you must complete and submit a valid Claim Form in order to receive a payment. You may request a Claim Form by calling the Settlement Administrator or visiting their website for that particular case. Happy filing!
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