If you’ve ever purchased a
product or service, chances are you’ve received a class action settlement
notice in the mail.
These sometimes obscure-looking
notices are often mistaken as junk mail or purposefully tossed in the trash for
being “not worth my time.” After all, why would you take the time to fill out
and mail back a Claim Form for a measly $5 to $10 when you spent hundreds – or
thousands – of dollars on the product in question?
Here’s why: Sometimes these class
action settlements pay out BIG bucks.
More than 3.3 million consumers
know this. That’s the number of people who visited TopClassActions.com last year to find class action settlements they qualify to file claims
for. The site is the #1 source of class action news online, and the staff is
dedicated to report on every consumer class action lawsuit and settlement
filed.
The average payout reported on
TopClassActions.com varies, ranging from $10 to $100 or more. Here are the
biggest class action settlement payments awarded to consumers in 2014.
One example:
Honda
Engine Misfire Class Action Settlement ($235-$300/Claimant)
For
years Honda Accord, Odyssey, Pilot and Crosstour owners were complaining that
their vehicles were excessively burning oil. The alleged defect forced vehicle
owners to constantly monitor oil levels and pay expensive repair bills to fix
resulting damage, a class action lawsuit alleged. Honda Motor Co. denied there
was a problem, but agreed in November 2013 to a class action settlement to
resolve the litigation.
Thousands
of Honda owners filed successful claims and received free warranty extensions
and refunds for repair bills. Average payouts of between $235 and $294 were mailed to claimants in July 2014.
If you missed out, check out Top
Class Actions comprehensive list of open class action settlements now accepting claims.
For example, now through March 12, 2015, anyone who’s purchased a Red
Bull
product in the United States from Jan. 1, 2002 and Oct. 3, 2014 can receive
either a cash reimbursement of $10 or free Red Bull products with a retail
value of approximately $15.
Thank you for the link, I did not know about this. Very informative, again, thank you, one never knows when they might need it.
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