Class Action Settlements, a company that helps businesses search, claim and receive money from class action settlements, announced Feb. 16 the launch of its new website, ClassAction-Settlements.com.
Designed to simplify a previously arduous process, ClassAction-Settlements.com helps auto shop owners receive payment from class action settlements through a single, centralized website with no upfront costs.
Stats have shown that the current class action claims filing rate is roughly 10% to 30%, a range that Class Action Settlements is dedicated to help increase to 80% or higher.
To date, the professionals at Class Action Settlements have worked with more than 100,000 small- to medium-sized businesses, including auto shops, helping them receive money they are due from class action settlements. The team understands the traditional process can be time-consuming and cumbersome for business owners, resulting in large sums of money going unclaimed each year.
As many businesses struggle to cope with the financial impact of the COVID-19 restrictions and shutdowns, they are looking for hidden assets---the automotive industry is no exception.
By submitting a claim for a class action settlement, business owners can receive additional money that is due to them. Recognizing that many auto shop owners are not aware of current settlements, and in many cases do not have the time or wherewithal to submit a claim, ClassAction-Settlements.com assists with the entire process from start to finish.
“At Class Action Settlements, we recognize that small businesses are the backbone of the United States, and we understand the financial struggles that auto shops have undergone since the outset of the pandemic," said Neil Montesano, COO for Class Action Settlements. "Our new website will provide...