Are you owed money as part of a securities class action lawsuit?

Are you owed money as part of a securities class action lawsuit?

How to Claim Funds from a Class Action Suit Discover: How Much Is Snapchat Worth? Class action suits are important to help ensure that companies operate ethically and are held accountable for their actions. Securities class action suits typically affect investors, while other consumer class action suits can relate to a variety of issues, from data breaches to false advertising and even faulty or dangerous products.  

The two largest settlements represented 40% of the settlement funds for all 116 class action cases in 2021, ISS Securities Class Action Services reported. Among the biggest names in security class action suits last year were Valeant Pharmaceutical International, Inc. and Snap, Inc., parent company of the popular social media platform Snapchat. Valeant was accused of falsely advertising its line of healthcare products and settled for $1.21 billion. Snap, Inc. was accused of fraudulently downplaying the effect of Apple’s new data privacy features on Snap’s advertising revenue, according to a press release distributed by PR Newswire.  Snap, Inc. settled the class action suit for $187.5 million.

“Investors last year saw significant monetary recoveries relative to 2020 and we expect that trend to continue in 2022,” said Ivar Eilertsen, Head of ISS Securities Class Action Services. “The settlement pipeline this year already appears robust with the lawsuit against Twitter, Inc., alone expected to settle for more than $800 million.” See: How to Make Money Off a Class-Action LawsuitFind: Do You Qualify for the $25 Zoom Settlement from Latest Class-Action Lawsuit?

Learn: Use Fintech Apps Like Venmo, Acorns or Robinhood? You May Qualify for a Monetary SettlementExplore: Navient Student Loan Settlement: Are You Eligible for $260 Restitution Payment? Companies like ISS Securities Class Action Services provide monitoring for law firms and consultants who can notify their clients of securities class action suits, specifically. The Consumer Action Class Action database is one service that allows you to search pending, open, and closed class action suits for free. Right now, the site lists 22 class action suits open to claims, which means you can file a claim and receive money. There are 26 pending cases and 608 closed cases in the database right now.

How to Find out if You Are Entitled to a Settlement If you are entitled to funds from a class action suit, you may receive a postcard notification in the mail — or an email — if you are listed as a customer of the company being sued. Follow the directions on the postcard or in the email if you’d like to participate. It can take several months to a year for a check to be mailed, but you can enjoy the windfall when — or if — the case is won or settled.

The News Highlights

  • Are you owed money as part of a securities class action lawsuit?
  • Check the latest News news updates and information about business, finance and more.
Disclaimer: If you need to edit or update this news from compsmag then kindly contact us Learn more

For Latest News Follow us on Google News


Latest Headlines
  • Show all
  • Trending News
  • Popular By week
Miasma Chronicles announced New Game Network’s PC
Miasma Chronicles announced New Game Network’s PC
The game promises real-time exploration gameplay with tactical, turn-based combat with RPG elements, upgradable weapons and abilities, and more. Developer ...
On PC, the Arto demo is now available
On PC, the Arto demo is now available
In Arto, players will have a large armory of weaponry to choose from as well as upgrading courses to take. In addition, players will combat difficult ...
Al Gore's Generation Investment launches $1.7 billion fund
Chinese depositors left in the dark as 3 local banks freeze deposits
None of the three banks responded to Reuters’ emails or phone calls seeking comment. Three banks in China’s central Henan province have frozen no less than ...
EAC-PM report recommends urban unemployment scheme, universal basic income
GoM seeks 28% GST on online games, casinos; probable tax on face value
The proposed move to levy tax on the face value will not affect state revenues as these activities are banned in the state, one of the panel members told ...
With shiny surface on Pixel 7, Google blinds critics
With shiny surface on Pixel 7, Google blinds critics
This went against what Google previously disclosed in a response to tech Youtuber Marques Brownlee. The company claimed that the new Pixels were going to ...
Lanka parliament defeats antitrust motion opposes President Rajapaksa
Lanka parliament defeats antitrust motion opposes President Rajapaksa
The motion by Opposition Tamil National Alliance (TNA) MP M A Sumanthiran to suspend Parliament’s standing orders in order to debate an expression of ...
Investors Shocked When US Retailers Show Inflation Hitting Consumers
Investors Shocked When US Retailers Show Inflation Hitting Consumers
Target’s earnings showed consumers spending more on food and household essentials instead of high-margin discretionary items while Walmart showed shoppers ...
Google will soon be able to offer a unified experience across multiple devices
Google will soon be able to offer a unified experience across multiple devices
In recent years, Android has made some strides in terms of getting closer to that seamless cross-device talk. Nearby Share works quickly and efficiently, as ...
UN chief is optimistic a grain deal with Ukraine will help alleviate food crisis
UN chief is optimistic a grain deal with Ukraine will help alleviate food crisis
But Secretary-General Antonio Guterres told a ministerial meeting on the escalating food security crisis, which has been exacerbated by the war in Ukraine, ...
Standing Committee on Finance to talk about the practices of big tech companies on Thursday
Standing Committee on Finance to talk about the practices of big tech companies on Thursday
The panel, headed by former minister of state for finance Jayant Sinha, will also hear the views of the Confederation of All India Traders (CAIT) on the ...
Show next
We will be happy to hear your thoughts

Leave a reply

Compsmag - Latest News In Tech and Business
Logo