Businesses that accepted Visa and Mastercard payments between January 1, 2004, and January 25, 2019, have the opportunity to file a legal claim in a class action settlement against the credit card companies. The Eastern District of New York approved a $6.2 billion settlement after attorneys for the class proved that the firms colluded to pass along high transaction fees to clients using their services.
Unfortunately for companies that may be eligible for a piece of the settlement, hackers have made a ransom attack against the website where impacted businesses can file a claim. Learn more about this issue and explore your options if you want to join this class and claim restitution.
Status of the claim website
Epiq Global, the firm that represents the class, filed papers in New York court on Wednesday, March 4, 2020, indicating that the website is currently offline following a ransomware demand. As of Friday, March 6, the claim information and form was still unavailable.
Next steps for class claimants
If you used Visa or Mastercard credit card services for your business during the established time period and incurred transaction fees, you can file a claim to add yourself to the class. When the website returns, you may enter your information on the official claim form.
If you added yourself to the class at any time since the lawsuit began in 2012, you may have received a letter with instructions about how to file a paper claim. You may also be able to access phone assistance by calling toll-free 1-800-625-6440.
When you join the class, you will receive a share of the total settlement depending on how many companies make a valid claim. Some companies have chosen to file their own lawsuits with independent attorneys, separate from the class action suit. To take this step, you must officially exclude yourself from the class. Doing so opens the door to directly negotiating with the creditors or asking the court to reimburse your fees.