In 2015, Plaintiff Saber Ahmed filed a class action against HSBC Bank USA, N.A. for violations of the TCPA. In 2017, another Plaintiff, John Monteleone, joined and a First Amended Complaint was filed alleging that HSBC and PHH Mortgage Corporation negligently and willfully violated the TCPA. After discovery, motions, and a mediation, the parties reach a settlement in 2018. The Court preliminarily approved a settlement in June 2019, and on December 30, 2019, the court granted final approval to the parties settlement agreement. This included the class definition, articulated as:
“[a]ll persons within the United States to whom (a) Defendant HSBC or Defendant PHH Mortgage, (b) placed a call (c) to a cellular telephone (d) regarding a mortgage loan owned and/or serviced by, on behalf of and/or in the name of HSBC (e) through the use of any dialing system or an artificial or prerecorded voice (f) between October 6, 2011 and [January 18, 2019].”
The court noted that while the estimated individual recovery was $60 at the time of preliminary approval, based on the numbers of claims submitted, it appears each class member that submitted a claim form will receive at least $92. Also, there were no objections from any class members to the settlement agreement, and only eight requests for exclusion. Both named Plaintiffs were awarded $5,000 each.
The settlement fund available to the class is $2,400,000. Class counsel was awarded 25% of the gross settlement amount, $600,000, for attorney’s fees, and $51,071.92, in litigation costs.
Has a final decision been made and when can I expect Payment. Thank You
I only received $8.34. Not close to the $ 92.00
got a check for the same $8.34
I also received $8.34, not $92.00. Anyone know why?
I had two claims and got a check for 8.34 and one for 16.68, so what’s the deal???
I got a check for $ 25.02. What happened to the $ 92 big boys????????
My check was $50. Definitely short of what I was expecting.
So it is ok to cash the check from RMG TCPA Settlement?
I got a check for 16.68 also. Where’s the 92.00. The lawyers got 600,000 and over 100,000 in litigation fees. We’ve been cheated
I haven’t received any money at all yet!
The little guys always get f***k
I just received $2.50. I will be taking everyone out for dinner……NOT
I got checks for $2.50 each for my two claims…so where’s the rest of my $92 for each claim???? Something smells rotten……
Yeah I got 2.50 also. This is no where near what we should have gotten!!
You people are so naive. Class action lawsuits punish corporations, enrich lawyers and screw the members of the class a second time! I used to send back claims forms certified mail, return receipt just to see if I got more than the cost of the certified mail. Usually I didn’t. Those who got $8.50, $25.00 etc should feel very lucky. I don’t know why I just received only $2.50. I checked off the boxes and sent off the claim form as soon as I got it. I used to go through credit card records and whatever to provide documentation but decided that, for what I received in the settlement, it was nowhere near worth the effort.
I received $2.50 today. Seems fishy that many different amounts were paid. Pretty ridiculous!