Tuesday, July 30, 2013

Sharing in Class Action Payments

Recently, we received small checks for class action suits against American Express (for foreign exchange rates) and DeBeers (for price fixing).  In both cases, we agreed to be part of group that received compensation, in return for not filing our own lawsuit.

Since I had no interest in filing my own lawsuit, participating in the class action made sense for us, especially when the forms were easy to do.   So I filled out both forms, sent them in and waited for the checks to come.   Neither payment was very big, but it was still money that we otherwise would not have received..

For more on  Ideas You Can Use, check back every Tuesday  for a new segment.

This is not financial advice. Please consult a professional advisor.

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