| 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. Class actions fall into a
number of broad categories including: Securities
Fraud (insider trading and mismanagement); Consumer
Protection (fraudulent marketing); Product Liability
(defective products); Antitrust (unfair business
practices and price fixing); Human Rights (unfair
practices and discrimination); Environment
(pollution) and Public Health (tobacco).
Recent
class action settlements have exceeded $10 billion ($5
billion last year alone), yet more than half
of those entitled to payment fail to file a claim.
Current
and 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.
Even
if a product was used used ago or stock has long
since been sold, class members may be eligible to
receive cash, credits, shares or distributions
in companies like AOL, AT&T, Ford, GM, Dow
Corning, Coca Cola, NASDAQ, Publishers Clearing
House, Bank of America, MCI, Merrill Lynch, Schwab,
Wal-Mart and hundreds of others.
If you
a current or former customer or stockholder in a
company named in a class action lawsuit,
you
must file a claim to receive your share.
Because class actions are filed in federal court,
settlement payments to class members will not show up
in a state unclaimed property search.
There
is a time limit, so prompt action must be taken.
Order our Special Report: Class Action
Settlement Search
|
