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USAA, the financial services company serving military personnel and their families, will pay $62.4 million to resolve a lawsuit claiming it overcharged service members and veterans on interest ...
USAA also paid out $64 million to settle a class action lawsuit related to overcharging military members who were entitled to certain protections. Then there’s the many changes higher up.
"The Settlement Class Period for Individuals and Insured Groups is from Feb.7, 2008, through Oct. 16, 2020," according to the settlement website. "The Settlement Class Period for Self-Funded ...
The strength of the class member's case. The risk, expense, complexity, and duration of further litigation. The risk of maintaining class action status. The amount offered to each class member in settlement. The form of the settlement (coupons, checks, replacement products, or services). The amount offered in total in settlement.
The settlement ended litigation that began in 2013 when a class-action antitrust lawsuit was filed against more than 35 Blue Cross Blue Shield health insurance plans, including Highmark.
Class members can opt out of the monetary part of the settlement in addition to objecting in court. Visa, MasterCard, and issuing banks can scuttle the settlement if merchants that account for 25 percent or more of credit card spending in the United States since January 1, 2004, to the approval of the settlement. [11]
Many of these cases have lead to class action lawsuits and proceedings by the Federal Trade Commision (FTC), resulting in a number of settlements worth millions — or even billions — of dollars ...
Bank of America must be used to shelling out billions to settle class-action lawsuits by now. One settlement involving the company in 2012 stipulated it reimburse shareholders $2.43 billion for ...