CAC & VRLTA PARTNERSHIP PORTAL
Virginia Restaurant, Lodging & Travel 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 restaurants across the country helping to recover substantial refunds on their behalf from a number of recent class action settlements. VRLTA will now offer these value-added services to its members.
Many restaurants and hotels do not have the time, resources or relevant data available to file a settlement claim, and Class Action Capital will work with you to submit a fully comprehensive claim recovery, while minimizing the use of your 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.
Payment Card 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. The settlement received final approval on December 13, 2019 and the settlement fund is approximately $5.54 billion. Your organization is likely eligible for a refund if you accepted VISA or MasterCard branded credit or debit cards as a form of payment between January 1, 2004 – January 25, 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