CHLA & CLASS ACTION CAPITAL PARTNERSHIP PORTAL
WHO IS CLASS ACTION CAPITAL?
Class Action Capital is a provider of class action settlement claim management and monetization to the global corporate community. Launched in 2012, Class Action Capital has quickly gained traction amongst the corporate community to become the premiere provider of outsourced class action settlement claim management and monetization. From 30 clients in 2012 to over 4,000 corporate clients to date, Class Action Capital’s value proposition, reputation and expertise has been recognized by companies of all sizes and in diverse industries. 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. More information on CAC and our services is below.
THE BOTTOM LINE IS WE WORK TO BEST POSITION EACH CLIENT’S RECOVERY FROM A SETTLEMENT WHILE MINIMIZING A CLIENT’S TIME, USE OF INTERNAL RESOURCES AND THE RISK OF MISTAKE IF THE CLIENT WERE TO TAKE ON CLAIMS MANAGEMENT ON ITS OWN.
Class Action Capital’s fee is a percentage of your financial recovery. Claim forms are not yet available from the Class Administrator. When claim forms do become available, class members are not required to sign up with any third-party service in order to participate in the monetary relief, but may instead file their claim directly with the Class Administrator. The claim form will inform most class members of their actual or estimated interchange fees on which it is proposed their claims will be paid. Claimants may accept or dispute this estimate with the opportunity to submit additional information. No-cost assistance will be available from the Class Administrator and Class Counsel during the claims-filing period. For additional information, class members may visit www.paymentcardsettlement.com, the Court approved website for this case.
Payment Card Interchange Fee Settlement –
- On September 18, 2018 an agreement was reached on behalf of all merchants who accepted VISA and/or MasterCard branded credit or debit cards between January 1, 2004 through January 25, 2019. The settlement fund will be between $5.54 – $6.24 billion depending on the number of class members who exclude themselves from the settlement. On January 24, 2019, the court preliminarily approved the new settlement and in the coming months known class members are expected to be mailed notices about their legal rights, including their right to exclude themselves from participating in this settlement. Information about the settlement will also be published in a variety of media outlets. The tentative deadline for members to exclude themselves is July 23, 2019 with a fairness hearing tentatively scheduled for November 7, 2019.
- While claim forms are not available yet and potential claimants do not need to sign up with a third-party service in order to participate in any monetary relief, the difficulty may be understanding what information will be provided by the defendants, how that applies to your organization, as well as what additional information can be provided to the court administrator to ensure a complete claim. No-cost assistance will be available from the court administrator and class counsel during the claim filing period. If the Court grants the settlement final approval and any appeals are resolved, the Court will approve a claim process and establish a claim deadline. Updates about the settlement can be found on the official court authorized settlement website at: https://www.paymentcardsettlement.com