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- 🪓 How's This Split Up?
🪓 How's This Split Up?
How much you get paid depends on how funds are split up...
Class Action Connection
August 01, 2024 • Est. Read Time: 7 minutes
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Hey y’all, I just got home from a 30-hour travel day from the middle of the Pacific, and I’m wiped out – but I couldn’t leave you hanging without the latest weekly update before I crash for 12 hours. The big question on everyone’s mind: “How much am I getting paid?” Well, that depends on how the settlement funds are split. Let’s dig in.
In Today’s Newsletter:
🪓 How’s This Split Up? And how you’re paid.
⏱️ Clocks Tickin’: Business owners pay attention.
🗃️ Case Docket: file ‘em out before they’re gone.
🥡 Thursday Takeout: takeaways for the weekend.
CLASS ACTION BASICS
🪓 How’s This Split Up?
Let’s Break Down How Funds Are Usually Split
How settlement funds are paid out depends on the agreement reached between class counsel attorneys and the defendants. Here are a few examples of how funds are usually split up:
➗ Pro Rata (Proportional) Distribution
In some cases, funds are split proportionally among those affected:
💳️ Visa Mastercard Settlement (open): Merchants can receive a payment based on their share of the total alleged overcharged interchange fees – that’s $5.5 Billion on the line…
🚚 Hino Motors Emissions Settlement (closed): Truck drivers were expected to receive $1,500 to $15,000 per claim, depending on how many truck owners filed.
In pro rata settlements, the payout can be larger OR smaller than expected depending on the number of claims submitted.
🔝 Set or Capped Amount Per Claimant
Some settlements have a fixed or capped amount for each claimant:
🍊 Walmart Weighted Groceries Settlement (closed): shoppers were eligible for $10-25 back based on items purchased (without receipts) or up to 2% of all purchases, capped at $500.
📵 Verizon Admin Fee Settlement (closed): Claims started at $15 and added $1 every month they had a postpaid plan, capped at $100.
💄 GrandeLash-MD Settlement (closed): Shoppers were eligible for up to $150, with an additional $150 if they had proof of two or more purchases.
🎟️ Coupons or Vouchers
Some class action settlements may offer a coupon or voucher instead of cash. However, these types of settlements are becoming less common since the passage of the Class Action Fairness Act in 2005.
What to Keep in Mind
Understanding how a settlement is split can help you gauge your potential payout. Depending on the method, some funds may go unclaimed if people don’t file…
But long story short: filing your claim is the only way to ensure you don’t miss out on any (🤞surprising) payouts. You can do that quickly and easily by visiting our settlements page.
Not subscribed? Fix that with one click!
CLOCKS TICKIN’
⏱️ 1-Month Count-Down
Business owners – the Visa Mastercard Settlement’s filing deadline is 1 month away (Aug 30)!
What can I do? File for your biz, spread the word to you favorite local business or forward this to friends and family. Act now to get back what you (or whoever you wanna hook up) are owed.
Want our Free Settlement Guide? Get your copy here:
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WHAT ELSE IS GOING ON?
🗃️ Case Docket
Check out the cases below to hop on the class action train today! 🚂
💳 Visa Mastercard (Aug 30): Get significant funds back for you business’s card transaction fees paid between 2004-2019. This is a HUGE win for the independent business owner!
🧻 Costco Flushable Wipes (Aug 9): New Yorkers! File your claim to recover up to $55.90 per household from purchasing Kirkland Signature Flushable Wipes.
TAKE ACTION
🥡 Newsletter: Check out ⏱️ Two Minutes' Notice and get one tip for surviving and one tip for getting the f* out of your job. Delivered to your inbox every week – for free.
🥡 Lesson plan: 💸 Free Money on the Table. There’s money on the table, but here’s the catch: class action money isn’t exactly free, but it is yours 🫵 .
🥡 Quote: “Do not take life too seriously. You will never get out of it alive.” – Elbert Hubbard
Thank you so much for reading. If you enjoyed today’s Class Action Connection, the best thing you can do to help us out is forward it to a friend!
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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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