Make money easily AND hold companies accountable with class action lawsuits!
Source: Escaping The 9 to 5
One of the greatest, yet vastly underutilized ways of making money online, is through class action lawsuits.
I?ve talked about ways to create passive income or to make money online, in previous articles, but there are some efficient ways to make money by applying for money you are already entitled to through class action lawsuits settlements.
I am also excited to announce I have created a new product, making it easier to find and apply to no proof class action lawsuits! Read further to find out what class action lawsuits are, how they work, and how you can sign up for my service to have the latest listings sent directly to you!
What is a Class Action Lawsuit
A class action lawsuit is a legal action filed against a defendant by a group of individuals. It is designed for situations in which many individuals have suffered similar injuries as a result of the defendant?s actions.
When They Are Used
Class action lawsuits are appropriate when the damages claimed by each plaintiff are too small for individual claims to be worthwhile. By filing a suit as a group, the plaintiffs have the resources to hire an attorney and obtain restitution. Class actions also relieve courts of the burden of hearing hundreds or thousands of small claims.
Class action lawsuits are often filed against government entities, financial institutions, manufacturers, retailers, and employers. Many are based on allegations of defective products, false advertising, discrimination, or unlawful employment practices. Some suits have alleged that the defendant violated the Telephone Consumer Protection Act.
The Problem ? Millions Left on the Table Every Year
When a class action lawsuit settles, people who could collect part of the settlement may receive a letter in the mail or an e-mail that contains instructions on how to claim their money or refunds. In some cases, however, attorneys working on the case have no way of gathering the contact information of people who could claim part of a final settlement. In these cases, notice of the settlement may be posted in newspapers, magazines or online. In either case, there is no guarantee that everyone who could collect their portion of a settlement will come forward to claim their money.
What happens to money that?s left on the table after a settlement deadline has passed?
In some cases, it goes right back to the company that was sued.
Class action lawsuits are designed to hold companies accountable for misleading and deceiving their customers. When a case settles, the attorneys who handled the case will collect a percentage of the settlement or receive a fee award separate from the settlement. The lawyers get paid, and so should you. Don?t leave your money on the table ? it could very well be returned to the defendant, leaving little encouragement for big corporations to change their ways.
The Solution ? Class Action Cash
Are you looking to make hundreds or possibly thousands of dollars per year, spending only a few minutes per month filling out online forms? If so, you have come to the right place!
I run a monthly curated email list of no-proof class action lawsuits. That means that once per month, you will receive a list of all the no proof class action lawsuits that I spend hours each day hunting for.
While information about class action lawsuit settlements is technically public, companies that produce products that you use every day, go out of their way to hide this information from consumers.
The reason is simple:
Say Johnson and Johnson is fined for one of their many household products through a class action lawsuit. While the company may receive a $10 million dollar fine, this is rarely what they will end up paying to consumers. Only a fraction of those affected even know about the settlement, and even fewer are going to take the time to stay up to date on the latest class action lawsuits, keep receipts from a purchase they made years ago, and will ultimately file a claim.
So while Johnson and Johnson may have settled a claim that there product causes cancer for $10 million, they may only end up paying out $1 million to parties affected. This not only harms consumers by making it overly burdensome to collect money they are rightfully entitled to, but it also encourages companies to commit future abuses, since they know that they can always settle a claim, and only pay a fraction of what is owed to consumers.
Depending upon the product or service involved in the class action lawsuit, there may or may not be proof of purchase required.
It is usually very difficult for consumers to produce receipts for products potentially purchased years ago.
That is why I began aggregating and categorizing class action lawsuits that did not require proof. My hope was that consumers could not only receive payments they are rightfully entitled to, but that we could help hold large corporations accountable for financial settlements that they agree to.
The value of this service is very straightforward ? for just $5 per month or $50 per year, I will send you a list of all the no proof class action lawsuits I can find. I will also note the expected payout amount, when possible, to help you determine which settlements are most worth your time.
Steps
- Sign up for my monthly list
- Scan the list that I send out monthly for products you have used
- Apply for settlement funds (typically 2?8 minutes of effort, per application)
- Receive checks in the mail when the settlement is finalized
Note: It can take several months for many of these claims to payout. So you should expect at least a two month lag between your first settlement application and receiving a check in the mail.
How Do I Sign Up?
To sign up for Class Action Cash, you can fill out the form below or go to our page directly.
FAQS
How Much Are The Settlement Check For?
The amount varies widely. Some checks are for less than a dollar. Others are worth hundreds of dollars. For reference, I have been applying to a number of these class action lawsuit settlements over the past three years and I have averaged between $800-$1500 per year.
While I cannot guarantee you will achieve the same results, since your financial success depends upon how many application you submit/are eligible for, the earnings potential is far above the $5 per month (or $50 per year) that this service costs.
Below is a sample check I received this month:
What Are Some Recent Examples of Class Action Lawsuits That I May Be Eligible For?
The Equifax Data Breach was one of the biggest stories of 2017. Millions of people learned that their information had been stolen, and hordes of customers were panicked about their financial data and credit scores. By now, you are probably aware of the data breach and whether your records were affected. You can file a claim on the settlement?s website until Jan. 22, 2020, which may entitle you to a cash reward, free credit monitoring, and reimbursement for financial losses.
Why Haven?t I Received My Settlement Check Yet?
Alright, so there you are, you filled out the form for a settlement you qualify for and now you?re waiting for that check to come in the mail. For a long time. This is fairly normal, and there are a few reasons why this might be happening.
The most common reason why your check hasn?t arrived is because the settlement agreement hasn?t been finalized yet. Before checks can go out, a judge needs to hear arguments for why the settlement should be approved and then needs to give his or her final OK that the agreement is ?fair, reasonable and adequate.? This happens at the ?final fairness hearing? and you can find the date for this hearing on your settlement notice or on the settlement site itself.
Then, if the settlement required claim forms to be filled out ? and some don?t ? those forms will need to be reviewed by the administrator. In some cases, the administrator may need to request more information before signing off on some of the claims. This review process can be relatively quick, or it can take several months depending on how many claims have been filed.
In some cases, you may hear about other class members getting their checks before you ? even if you filed your claim around the same time. There are a couple reasons why this could be the case:
- Some settlement funds give consumers the option of filling out the form without providing proof of purchase, and administrators may send out those checks first while they review the proof provided with the other claims. This is because those who provide proof of purchase usually receive more from the settlement fund than those who don?t.
- If the settlement has multiple subclasses ? that is, groups of people making claims ? checks may be mailed to each subclass at different times based on the amount of documentation required for each.
- After that, it may just come down to the mail service in your area. Sometimes, we just need to take a minute to remember why we started calling it ?snail mail? in the first place.
Hang in there. Your check will come eventually.
What Can I Do if I Lost a Settlement Check?
If you misplaced your settlement check and the deadline to file a claim hasn?t passed yet, your best bet is to contact the settlement administrator to find out if they can send you a new one. If the deadline has already passed, you may be out of luck ? but I would still encourage you to reach out to the administrator, just in case.
What If I Moved and Already Made My Claim? Will I Still Get My Check?
First and foremost, when you initially file your claim, make sure your address is correct. But, since months may pass between the time you filled out the form and the time your check is mailed, it?s understandable that things in your life may change. If you move before receiving your money, contact the settlement administrator to see if you can update your address. Other than that, make sure you forward your mail to your new address.
How Can I Find Out About Settlements as They Happen?
There are a few ways to find out about the latest settlements. I offer a curated email list of no-proof class action lawsuits. That means that once per month, you will receive a list of all the no proof class action lawsuits that I spend hours each day hunting for.
Another resource that you may find useful is local news sites. They tend to cover settlements that affect a good amount of people ? especially if the case is specific to the area they?re reporting on. Definitely worth checking out.
? Casey Botticello
Thanks for reading this article! Leave a comment below if you have any questions. Be sure to sign up for the Personal Finance Newsletter, to get the latest articles on personal finance, passive income, entrepreneurship, and more!
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Casey Botticello is a partner at Black Edge Consulting. Black Edge Consulting is a strategic communications firm, specializing in online reputation management, digital marketing, and crisis management. Prior to founding Black Edge Consulting, he worked for BGR Group, a bipartisan lobbying and strategic communications firm.
Casey is the founder of the Cryptocurrency Alliance, a Super PAC dedicated to cryptocurrency and blockchain advocacy. He is a graduate of The University of Pennsylvania, where he received his B.A. in Urban Studies.
You can connect with him on LinkedIn, Twitter, Facebook, or by joining his newsletter, Personal Finance.
