The British Columbia Hotel Association has partnered with Class Action Capital, a market leader in class action settlement claim management. Class Action Capital is already successfully working with a very large number of hotels and state associations across the United States and Canada helping to recover substantial refunds on their behalf from a number of recent class action settlements. BCHA will now offer these value-added services to its members.

Many hotels do not have the time, resources, or relevant data available to file a settlement claim and Class Action Capital will work with them to submit a fully comprehensive claim recovery, while minimizing the use of their employees’ time, internal resources and the risk of errors when managing claims themselves. Class Action Capital’s pricing model is simple in that we work on a commission basis whereby we receive a percentage of the client’s financial recovery and only receive our fee when our client recovers. Once you sign up for our claim management service, we will immediately get to work building and preparing a comprehensive claim.

The bottom line is we work to best position each client’s recovery from a settlement while minimizing our client’s time, use of internal resources, and the risk of mistake if they were to take on claims management on their own. Please see below for a listing of applicable settlements and our claim authorization form.

Canadian Credit Card Settlement: $188,530,000 

This settlement alleges that defendants colluded to set the amount of interchange fees and impose rules restricting merchants’ ability to surcharge or refuse higher cost VISA and MasterCard credit cards.  Defendants include VISA, MasterCard, Bank of America, Citigroup, Capital One, Desjardins, National Bank, Royal Bank of Canada, Toronto-Dominion Bank, Canadian Imperial Bank of Commerce, Bank of Montreal, and The Bank of Nova Scotia. 

To be eligible for potential compensation, your company must have accepted Visa and/or Mastercard credit cards as payment for goods or services and incurred merchant discount fees, including interchange fees, in Canada from March 23, 2001 to September 2, 2021.  

While no official claim form is available and claimants do not need to sign up with any third-party service in order to participate in monetary relief, many eligible companies choose to outsource the claims process to companies like Class Action Capital and avoid the responsibility of managing the process internally.  This can include deficiencies or audits, the potential difficulty of understanding what data is provided by the defendants (if any), how that applies to your company’s claim as well as what additional information can be provided to ensure a better positioned claim.  

This settlement is highly relevant to the hospitality industry and Class Action Capital has already identified many of the BCHA members as being very likely eligible to recover refunds. Please keep in mind that you would not be entering into a lawsuit but submitting a confidential claim to recover your organization’s pro rata share of the settlement funds which have already been set aside into an escrow account.