Class action lawsuits, including securities class action lawsuits, are a large and growing source of unclaimed funds. Each year hundreds of companies are involved in class action litigation.
Recent class action settlements have exceeded $10 billion. More than half of those entitled to receive payment never even file a claim – because they are unaware of the lawsuit, or don’t know how to proceed.
Class actions fall into a number of broad categories including:
- Data Breaches (Target, Home Depot, Sony, Yahoo, Facebook and many others)
- Consumer Protection (fraudulent marketing)
- Securities Fraud (insider trading and mismanagement)
- Product Liability (drugs, autos, electronics and other defective products)
- Antitrust (unfair business practices and price fixing)
- Human Rights (unfair practices and discrimination)
- Environment (water, air and ground pollution)
- Public Health (tobacco, asbestos, implants, defective drugs and medical equipment)
Current or former customers and stockholders in over 2000 companies are entitled to receive unclaimed class action settlement payments. Legal notice of class action claims eligibility is often buried deep in newspaper classifieds. If you’ve moved, physically hold stock certificates, or hold stock in street name and switch brokers, you may not be notified. There may be a time limit on claims, so prompt action should be taken.
To determine if you may be entitled to participate in a class action settlement complete the form below.
