Claim Forms Are Coming in the Payment Card Interchange Fee. CCC Can Help
Mitena and CCC are Helping Claimants in the $5.54 Visa Mastercard Settlement
Payment Card Interchange Fee and Merchant Discount Antitrust Litigation, MDL 1720
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Cornerstone Research has released its yearly securities
class action litigation report and found dramatic increases in the number of
settlements and in the average settlement pools. (The link to the full report
is below.)
Cornerstone focused on federal securities class actions,
specifically cases alleging Rule 10b-5, Section 11, and Section 12(a)(2)
allegations. These suits make up the majority of the securities litigations which investors
are able to participate in each year. The Cornerstone team reviewed 2,116 class
actions from 1996 (the year after the passage of the Private Securities
Litigation Reform Act) until 2022. Here are some of the key data points:
--The average number of federal securities settlements
between 2017 and 2021 was 79. There were 87 in 2021, and 105 last year.
--This spike is largely thanks to the increase in securities
class actions filed between 2018 and 2020. In those years filings spiked from the
typical low 200s per year to over 400 in ’18 and ’19 to nearly 325 in 2020.
--The average settlement increased 63% over 2021, with the
average fund at $36.2 million.
--There were eight mega=-settlements, which are settlements
over $100 million.
A longer summary of the report is available here:
And the full report is here:
Sound Busy? Federal Cases Are Only Part of the Securities
Class Action Landscape
Take those federal cases and throw in securities litigations
in state courts, SEC Fair Funds, and Canadian settlements, and there were 150
funds to participate in last year. Add international litigations beyond Canada,
and there are dozens more.
Keeping up with the flow can be a full-time job. Of course,
for me it IS my full-time job, but it does not have to be yours. The experts at
Chicago Clearing Corporation monitor the entire world of class actions day-in,
day-out, so you don’t have to. Whether there are 150 deadlines like in 2022, or
105 like most years, our team will help you get back to your full-time job with
the satisfaction of knowing the best class action claim filing service is on
your side.
Payment Card Interchange Fee and Merchant Discount Antitrust Litigation, MDL 1720
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Case Name: ... Read More
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Case Name 1: The Kraft Heinz Company
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Cornerstone Research has released its yearly securities
class action litigation report and found dramatic increases in the number of
settlements and in the average settlement pools. (The link to the full report
is below.)
Cornerstone focused on federal securities class actions, specifically cases al... Read More
Case Name: Micro Focus
Settlement Fund: $107,500,000
Claim Filing Deadline: 5/30/2023
Class: All persons who purchased or acquired Micro Focus American Depositary Shares (“ADSs”) issued in connection with the Merger of Micro Focus and the software business segment of HPE (the “Merger”), which was c... Read More
Case Name: Wells Fargo 2018 Litigation
Settlement Fund: $300,000,000
Claim Filing Deadline: TBD
Class Period: 11/3/2016 -- 8/3/2017
Chicago Clearing Corporation is tracking a new $300 settlement with Wells Fargo. As of today (2/23/23) proof of claim forms and notices are not yet available, but recovery could be substanti... Read More