VIRGINIA RETAIL MERCHANTS ASSOCIATION AND CLASS ACTION CAPITAL PARTNERSHIP PORTAL
Virginia Retail Merchants Association has partnered with Class Action Capital, a market leader in class action settlement claim management. Class Action Capital is successfully working with over 5,000 corporate clients across the country. Class Action Capital specializes in the research, education, data collection and filing of complex class action settlements.
Many companies do not have the time, resources or relevant data available to file a settlement claim. 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 error when handling independently. Class Action Capital will handle all the heavy lifting while recovering your pro-rata settlement share.
Class Action Capital’s pricing model is simple in that we work on a contingency fee basis whereby we receive a percentage of your financial recovery only after your claim is recovered. Once you sign up for our claim management services we will immediately get to work preparing and building your comprehensive claim.
Please see below for a listing of the applicable settlements and our claim authorization form.
Payment Card Interchange Fee Settlement: Approximately $6.5 Billion
On September 18, 2018, a Superseding and Amended Definitive Class Settlement Agreement was filed with the court. The settlement resolves allegations over whether VISA, MasterCard and their issuing banks violated the law by setting interchange fees and then enforced rules that prohibited merchants from accepting other forms of payment, resulting in merchants paying excessive fees. The proposed settlement is $5.56 – $6.26 billion and would apply to merchants who accepted VISA and/ or MasterCard credit or debit cards beginning January 1, 2004.
If the court grants preliminary approval to the new settlement, relevant documents, dates, deadlines and other information will be post on this website and the official website at www.paymentcardsettlement.com Following preliminary approval, known class members will be mailed a notice about their legal rights and the release of their claims.
While potential claimants do not need to sign up the a third-party service in order to participate in any monetary relief as no-cost assistance will be available from the Class Administrator, the difficulty is understanding what data is provided by the defendants, how that applies to each individual firm, as well as what additional information can be provided to the Court Administrator to ensure a complete claim.