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    Monday, December 10, 2007

    You Are Probably in the Settlement Class for the Currency Conversion Class Action Lawsuit...

    ...and if so, fill out your form to collect $25 (or more.)
     
    If:
     
    -- you have a VISA, MasterCard, or Diners Club card as of November 8, 2006
     
    AND
     
    -- anytime from February 1, 1996 to November 8, 2006, you used a VISA, MasterCard or Diners Club credit or debit card to make foreign transaction 
     
    THEN
     
    You may be entitled to a share of a settlement of $336 million.
     
    There are several ways of making a claim.  The simplest claim is for a $25 refund.  If you spent more than $2,500 in foreign transactions over than ten year period, you can fill out a longer form to claim for more. 
     
    Get the details here:
     

    Then fill out the proper form HERE -- if you didn't get a notice in the mail with a claim ID number on it (Gina got one, I did not), you don't need a notice to make a claim.  Just be prepared to disclose a credit card number and issuing bank for a card your had as of November 8, 2006.
     
    (I know that sounds daunting, giving up a credit card number like that, but this is for real.  The PD had an article today.  Even Snopes verified it.) 
     
    Personally, from 1996 to 2006, I made numerous international trips, and used credit cards abroad for purchases, and at home for international purchases (heck, Racket Records and Burning Shed alone got a bunch of my money over the years.)  Nevertheless, it may be more trouble than it is worth, to me anyway, to try and break all that down -- even though the terms of the settlement require card issuers to provide free statements (wherever they can be retrieved electronically -- which sounds like an out to me....)
     
    But at a minimum, I am going to make a claim for $25.
     
    DEADLINES:
    to file a claim: May 30, 2008
    to object to the settlement or opt out of the class: February 14, 2008
     
    Disclaimer: None of the above constitutes legal advice.

    Comments on "You Are Probably in the Settlement Class for the Currency Conversion Class Action Lawsuit..."

     

    Anonymous Anonymous said ... (8:40 AM, December 11, 2007) : 

    Thank you...I submitted my form online....I've been out of the country approx. 35 days during that stated time frame. You'll get 10% of settlement....as a finder's fee!

     

    Blogger Kate Anne said ... (5:50 PM, December 12, 2007) : 

    I got one of the claim letters and thought, yeah, sure, find the documentation. I did not see the $25 alternative. Thanks for the tip!

     

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