What Is The Value Of A Share Of At&T Stock Class Action Settlement Unclaimed Money

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Class Action Settlement Unclaimed Money

Class action lawsuits across a wide range of industries, products and services are a large and growing source of unclaimed funds. Hundreds of companies are involved in class action lawsuits each year. They fall under a number of broad categories, including: Securities fraud (insider trading and mismanagement)

  • Consumer protection (fraudulent marketing)
  • Health (tobacco)
  • Antitrust law (unfair business practices and price fixing)
  • Human Rights (Unfair Practices and Discrimination)
  • Environment (pollution)
  • Product liability (defective products that cause or result in personal injury)

Recent class action lawsuits have exceeded $11 billion ($5 billion in 2006 alone), yet more than half of those entitled to payment are unable to file suit.

Current and former customers and shareholders of more than 2,000 companies are eligible for unsolicited class action lawsuits. Legal notice about class action eligibility is often hidden in newspaper ads. If you move, physically own share certificates, or hold shares on the street and change brokers, you may not receive a notification.

Even if the product was used years ago or the stock has long been sold, class members may be entitled to cash, loans, stock, or distributions in companies such as AOL, AT&T, Ford, GM, Dow Corning, Coca Cola, NASDAQ, Publishers Clearing House, Bank of America, MCI, Merrill Lynch, Schwab, Wal-Mart and hundreds of others.

If you are a current or former customer or shareholder of a company named in a class action lawsuit, you must file a lawsuit to get your share. Because many class actions are filed in federal court, payouts to class members will not show up in a state Unclaimed Property Division search, and unlike most other unclaimed money, there is a time limit by which a settlement must be sought.

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