Here are some Major Paydays!
If you’ve ever purchased household appliances or products, cars, or even medication, then you’ve most likely been entitled to receive money from various class actions.
You might vaguely remember receiving these weird-looking notices in the mail that you either tossed as junk mail or thought “not worth my time.” While most settlements have a payout that range from $5 to maybe $50, these numbers can quickly add up and there are times when the payout is big!
Here are some examples of when filling out the simple form paid out big money for the class:
- Apple iPhone/iPod Warranty: $53 Million Settlement - Many people who owned iPhone and iPods received checks in September 2015 worth anywhere between $122 and $250 from a 2013 class action settlement with Apple. The class accused Apple of refusing to honor its warranties for damaged iPhones and iPod devices based on its assessment that they made contact with water. Payout - $122- $250.
- LCD Panel: $1.1 Billion Settlement - This case combined and resolved multiple lawsuits that accused 10 manufacturers, including Toshiba, LG, Samsung, etc, of conspiring to fix and raise prices of flat screen TVs and monitors. Many of these companies pleaded guilty to these charges and were convicted in Federal court. Payout - $50 to over $500.
- Honda Engine Misfire: Undisclosed settlement - For many years, people who owned an Accord, Odyssey, Pilot and Crosstour complained that their cars were burning an excessive amount of fuel. Many owners of these models stated that this defect forced them to pay expensive repair bills. While Honda Motor Co. denied any issues, the company did provide settlement money to those who file. Payout - $235- $300.