Class action lawsuits are often seen as your most successful chance at receiving a settlement when going up against a major company. This is exactly what Missouri Victoria’s Secret customers are currently facing. If you have made a recent purchase at the lingerie company, you may be entitled to compensation. Class action lawsuits allow individuals who have been impacted by the same issue to seek justice together, often leading to financial compensation for those affected.
What happens during a class action lawsuit
During a class action lawsuit, a group rather than an individual collectively sues a defendant together. The group is referred to as a “class,” and the defendant is usually a major corporation in these types of lawsuits. The class sues the defendant against a common problem that they have all experienced with the defendant. The class action allows the individuals to collectively consolidate their grievances into one case instead of suing on an individual basis. If successful, all members of the class usually receive some form of compensation.
If you are suing a major corporation, a class action lawsuit gives you a higher chance of actually winning. Major corporations often have many more resources available to them, but the collective strength of a class action lawsuit over a single individual can pressure the corporation to settle, particularly if the case involves many people and could cause significant damage to the corporation’s reputation.
Missouri consumers may receive compensation from Victoria’s Secret
Recently, Victoria’s Secret has agreed to settle a class action lawsuit brought forward by Missouri shoppers. The lawsuit brought forward by the Missouri plaintiffs alleged that the company overcharged the individuals on sales tax for products they purchased through Victoria’s Secret’s website. While Victoria’s Secret has not admitted to any wrongdoing, they have agreed to settle the case with an undisclosed amount. The company will compensate plaintiffs for purchases made between May 18, 2016, to May 18, 2023.
According to the settlement, the plaintiffs from the case will receive an automatic repayment, which will be based on the amount of vendor’s use tax that would have applied to their qualifying purchases. The payment amounts will differ between class members depending on how much money each individual was charged, the number of class members who are eligible for a refund, and the total sum involved in the settlement. Any money that is not paid out to plaintiffs will be donated to the Crime Victim Center of St. Louis or another non-profit organization.
If you are from Missouri and purchased any products online between the stipulated time period but are not part of the class action, you will not receive compensation. If you are part of the class action, you have until May 16 to apply for exclusion or to object to the settlement. The final hearing is scheduled for June 2. Members who are part of the class action do not need to submit a claims form, and if you do not exclude yourself, you will automatically receive a payment.
Class action suits reap large benefits for claimants
While the settlement amount has been undisclosed, plaintiffs can generally expect modest to substantial sums when it comes to settling a class action lawsuit. A recent class action suit against Cash App rewarded plaintiffs $2,500. However, not all class action suits have significant payouts, particularly if the settlement is shared between a large number of individuals or if the corporation can successfully defend against the lawsuit, and the damages incurred are not severe. For more information about this settlement, you can visit Top Class Actions and get informed about how to file a claim before the May 16 deadline.
