What is the scharfstein settlement?

What is the scharfstein settlement?

The mass mailing of settlement checks is the result of a class action lawsuit known as Scharfstein v. BP West Coast Products LLC. The suit was brought against ARCO's owner BP West Coast Products, on behalf of people who used a debit card to buy gas at Oregon ARCO and am/pm gas stations.

Should I opt out of class action?

The result may be that someone brings a class action lawsuit. But if you've suffered a significant financial loss, you should be wary of participating in a class action. You'll almost always be far better off if you “opt out” of the class and pursue your own individual case.

What is the Target debit card settlement?

One Target debit card class action lawsuit was filed in California by James Walter on J. ... Target has not admitted any wrongdoing but has agreed to pay $8.2 million to resolve the claims against them. The benefits of the settlement include $5 million in cash and debt reduction benefits worth $3.2 million.

What is target vs Walters?

The case is known as Walters v. Target Corp., No. 3:16-cv-1678-L-MDD (the “Action”). ... The Action further alleges that Target breached the TDC Agreement as well as the duty of good faith and fair dealing by the manner in which Target processes TDC Transactions and assesses RPFs (also defined in FAQ 3).

What are the pros and cons of having class action suits?

Pros And Cons Of Class Action Lawsuit
  • More Strength as a Group. ...
  • Your Lawsuit Charges are Significantly Less. ...
  • Advantageous to the Judicial System. ...
  • Guaranteed Settlements. ...
  • Very Little Agency in the Matter. ...
  • Class Action Lawsuits Take a Very Long Time to Settle. ...
  • Class Action Lawsuits Cannot Be Reapplied To.