which_chick: (Default)
[personal profile] which_chick
In the different country that is the past, I used to own/operate a tiny little ISP in my tiny little town. It accepted credit cards, subject to the excessively high merchant account fees that were the order of the day. Now, I sold the ISP in 2007 and it doesn't have an EIN any more since we sold that to someone else. It hasn't filed a tax return in years. The business is closed.

But there's been a class action suit about the interchange fees related to accepting credit cards. I don't understand shit about it, but the business DID accept credit cards during the timeframe covered by the lawsuit.



Now, I don't like class action lawsuits. I think they push us towards a more litigious society. But if I am contacted as a possible beneficiary of the class action suit, I will 100% fill out the bullshit paperwork and provide the documentation needed and jump through the annoying hoops provided on the off chance that I'll get a few bucks out of whatever settlement is reached. I do this for absolutely every settlement offered to me because the amount of money you get for the class action lawsuit depends on two things... (1) How damaged you were by the wrongful action and (2) How many other people file the stupid class action claim paperwork. I mean, if other people don't bother to fill that shit out, maybe I could get the entire 5.5 billion dollar settlement myself. (This is not likely but it is also cheaper than playing the lottery.)

Class action settlements do not usually pay any one individual very much money. As an example, I got about thirty bucks out of the facebook privacy class action lawsuit. That was a lot for a class action suit, though. Usually I get under five dollars. Nobody but a lawyer makes bank on broad-spectrum class action lawsuits.

So, despite the fact that the company has since dissolved and despite the fact that it no longer has a tax return or a bank account or anything else, it DOES still (happily) have the same postal mailing address as before where it can still get mail. That's how the class action company got hold of ... the former president of the ISP, who was me. I also owned a third of the stock (family members owned the other two thirds). Like, I'm definitely one of the people who should be getting money from this company's portion of the class action suit settlement.

I filled out the paperwork earlier in the year and sent it off into the ether because, well, that's what we do 'round here. It was a pain in the ass, because of course it was, but I did the thing anyway.

I just got an email from the company handling the class action settlement and it appears as though our claim is going to come in right around $1300.00. Hunh.

I don't really believe this yet, but I told the settlement company to send me the money via paypal since that was an option. We'll see if that actually comes to pass. They don't have a timeline on payments yet, but okay. I'm not in a hurry.

Date: 2025-12-06 12:31 am (UTC)
adafrog: (Default)
From: [personal profile] adafrog
Interesting. I never have the documentation.

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