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 Interchange Fee Settlement –
On September 18, 2018 an agreement was reached on behalf of all merchants who accepted VISA and/or MasterCard branded credit or debit cards between January 1, 2004 through January 25, 2019. The settlement fund will be between $5.54 – $6.24 billion depending on the number of class members who exclude themselves from the settlement. On January 24, 2019, the court preliminarily approved the new settlement and in the coming months known class members are expected to be mailed notices about their legal rights, including their right to exclude themselves from participating in this settlement. Information about the settlement will also be published in a variety of media outlets. The tentative deadline for members to exclude themselves is July 23, 2019 with a fairness hearing tentatively scheduled for November 7, 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
TO SIGN UP FOR CLASS ACTION CAPITAL’S CLAIM MANAGEMENT PLEASE COMPLETE THE BELOW AGREEMENT