CALIFORNIA NEW CAR DEALERS ASSOCIATION AND CLASS ACTION CAPITAL PARTNERSHIP PORTAL
California New Car Dealers Association has partnered with Class Action Capital, a market leader in class action settlement claims management. Class Action Capital is already successfully working with a very large number of dealers and state associations across the country helping to recover substantial refunds on their behalf.
Class Action Capital specializes in the research, data collection, analysis and filing of complex class action settlement claims. Our value is understanding the entire class action settlement landscape and bringing to your attention those settlements which are the most financially beneficial. Our pricing model is simple in that we work on a contingency fee basis and only receive a fee as a percentage of your financial recovery.
Our offer is to assist your dealership in recovering your pro-rata share of the settlement funds by handling all the heavy lifting. Most companies we work with are eligible for these refunds but do not wish to pursue due to limitations on their time and resources. Additionally, data retention policies limit the relevant documentation they can readily gather. Once you sign up for claim management services, our team will immediately get to work building and preparing a comprehensive claim.
Settlement Opportunities:
Dealer Management Systems Antitrust Litigation ($129,500,000)
The lawsuit alleges that Reynolds & Reynolds and CDK conspired to fix the prices that auto dealers were charged for dealer management system software and data integration programs and services for extracting, formatting, integrating, and organizing data from dealer management systems.
Data Management Systems is an enterprise software system designed specifically for automobile dealerships that functions as the business’ central database and repository for all operational information such as payroll, inventory, HR, marketing, repair, service, and customer info. Data Integrations Services enable dealerships and third-party vendors to extract, organize, and integrate the dealer’s data onto its DMS in a usable format.
All persons and entities located in the USA engaged in the retail sales business of automobiles who purchased DMS/DIS from CDK and/or Reynolds & Reynolds or any predecessor, successor, subsidiary, joint venture, or affiliate between September 1, 2013 and August 15, 2024 are likely eligible.
The settlement fund is approximately $129,500,000 with a filing deadline of January 9, 2025.
Payment Card Interchange Fee and Merchant Discount Antitrust Litigation ($5.54 Billion)
This settlement resolves allegations that VISA, MasterCard and their issuing banks violated the law by charging excessive interchange fees to merchants and then enforced rules that prohibited those merchants from accepting other forms of payment. The settlement fund is approximately $5.54 billion and the deadline to file a claim is February 4, 2025. All merchants who accepted VISA and/or MasterCard credit or debit cards as a form of payment between January 1, 2004 – January 25, 2019, are likely eligible.
Claim forms are being delivered and are available online beginning December 1, 2023. Claimants do not need to sign up with a third-party to participate in monetary relief; for additional information, class members may visit www.paymentcardsettlement.com, the court-approved website for the case.
The settlement administrator will have data from defendants and other sources which it expects will permit them to estimate the total value of interchange fees attributed to each authorized claimant. No-cost assistance will also be available from the settlement administrator or class counsel during the claims filing period. If the data is not reasonably available to estimate a class member’s interchange fees paid or if the value established by the settlement administrator is disputed by a class member, claimants will be required to submit information in support of their claim.
This settlement is highly relevant to the auto industry and Class Action Capital has already identified many members as being very likely eligible to receive meaningful refunds. Please keep in mind that you will not be entering into a lawsuit, but rather submitting a confidential claim to recovery your organization’s pro-rata share of the settlement funds which have already been set aside into an escrow account. Since this is pro-rata, if you do not file a claim, any funds owed to you will be shared by all the others who are approved.
For more information about Class Action Capital and to discuss these class actions, please email Joshua Kerstein at josh@classactioncapital.com.