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Home Market Research Money

7 Payouts You Can Still Get From Old Lawsuits and Settlements

by TheAdviserMagazine
4 months ago
in Money
Reading Time: 6 mins read
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7 Payouts You Can Still Get From Old Lawsuits and Settlements
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Image source: Unsplash

Many people don’t realize that money from old lawsuits and class action settlements may still be available for them to claim. Billions of dollars go uncollected every year because people either didn’t know they were eligible, didn’t file in time, or simply forgot about a lawsuit they saw on the news years ago.

According to the National Association of Unclaimed Property Administrators (NAUPA), state governments alone hold over $50 billion in unclaimed funds, some of which stem from legal settlements and payouts that many consumers overlook. Companies settle lawsuits all the time, whether it’s for faulty products, unfair practices, or corporate wrongdoing. And when that happens, the money often sits in escrow accounts, waiting for rightful claimants to step forward.

If you think you might have a share coming, now is the time to act. Here’s a look at seven payouts you can still get from old lawsuits and settlements—and how to check if your name is on the list.

Old Lawsuits and Settlements You Might Still Benefit From

1. Roundup Weedkiller Lawsuits

Bayer, which acquired Monsanto (maker of Roundup), has paid out billions to settle lawsuits claiming that the herbicide caused cancer, particularly non-Hodgkin lymphoma. While thousands of cases have already been settled, some are still being processed, especially those that didn’t meet earlier deadlines or were initially denied.

If you used Roundup for personal or occupational use and later developed health problems, you may still qualify. Some settlements remain open on a rolling basis as new plaintiffs come forward.

Check with the Roundup settlement website or a trusted legal resource to determine eligibility. Don’t assume it’s too late. Some cases are still being evaluated and paid out.

2. Facebook Data Privacy Settlement

The Cambridge Analytica scandal revealed that Facebook mishandled millions of users’ personal data. A class action lawsuit eventually led to a multi-million-dollar settlement, with payouts ranging from a few dollars to hundreds, depending on how long users had an account and the level of data exposure.

While the main claim filing period ended in 2023, some appeals and administrative claims remain open for users who encountered technical issues or whose data was misclassified. If you were a Facebook user between 2007 and 2022 and think you might qualify, it’s worth checking with the settlement administrator.

Data privacy settlements often extend over several years due to appeals and court rulings, so you could still be entitled to a payout even if you missed the initial window.

3. Wells Fargo Unauthorized Accounts Settlement

If you were a Wells Fargo customer between 2002 and 2017, you might be eligible for a payout from the infamous unauthorized accounts scandal. The bank opened millions of accounts without customers’ permission, leading to fraudulent fees and credit damage.

The $3 billion settlement fund set aside money for both direct compensation and credit repair. While the main claims process ended in 2020, many affected customers didn’t realize they were eligible, and some states or court orders continue to administer payments.

If you think Wells Fargo opened an account in your name or charged you fees you didn’t authorize, check with the Wells Fargo Unauthorized Accounts Settlement site for potential compensation.

4. Equifax Data Breach Settlement

When Equifax announced in 2017 that hackers had accessed the personal data of over 147 million Americans, it became one of the largest data breaches in history. A $700 million settlement followed, with compensation for credit monitoring, identity theft costs, and even cash payments for time spent dealing with the breach.

Although the initial filing period ended in early 2020, the settlement administrator is still processing certain claims, particularly those involving documented losses or extended credit monitoring. If you never filed but experienced identity theft or other related damages after the breach, you may still be eligible.

Visit the Equifax settlement site and see if you can submit a claim or request reconsideration, especially if you have proof of losses that weren’t initially documented.

5. Transvaginal Mesh Lawsuits

Thousands of women sued medical device manufacturers over transvaginal mesh implants that caused serious complications, including pain, infection, and erosion. Settlements from major manufacturers like Johnson & Johnson and Boston Scientific totaled billions of dollars.

Many of these settlements remain open due to ongoing litigation and appeals. Some states and law firms continue to process new claims as more women come forward. If you or someone you know had a transvaginal mesh implant and suffered complications, there may still be an opportunity to join a settlement fund.

Check with a reputable law firm specializing in medical device cases to see if you can file a late claim. Many firms offer free consultations to assess eligibility.

volkswagen logo, volkswagen car
Image source: Unsplash

6. Volkswagen Diesel Emissions Settlement

Remember the “Dieselgate” scandal that rocked Volkswagen a few years back? It turned out that VW had installed software in millions of diesel vehicles that allowed them to cheat emissions tests. This led to one of the largest class action settlements in automotive history.

While the initial wave of claims closed in 2019, many states extended deadlines or created secondary funds to handle late claims or cases still tied up in litigation. If you owned or leased an affected vehicle between 2009 and 2016 and didn’t file at the time, you might still qualify for compensation, repairs, or even a vehicle buyback.

Check with the VW settlement site (or your state’s consumer affairs department) to see if you can still submit a claim or appeal. Even if you missed the first round, some funds are still processing payments for eligible late filers.

7. 401(k) Mismanagement Lawsuits

Some employers faced lawsuits for mismanaging employee retirement plans, including excessive fees, poor investment choices, and conflicts of interest. Companies like Boeing, Lockheed Martin, and others reached settlements worth hundreds of millions of dollars.

While many class periods have ended, some settlements allow for late claims, especially if plan participants missed notifications or administrative delays occurred. If you were enrolled in a 401(k) plan with a major employer between 2010 and 2020, check with the settlement administrator or your plan’s record keeper.

Properly documented claims can sometimes be submitted after the initial deadline, particularly if there’s evidence that you didn’t receive notice or were otherwise excluded from the process.

Don’t Leave Money on the Table

If you’re like most people, you might assume that money from old lawsuits is out of reach. But billions of dollars in unclaimed funds are still waiting for rightful claimants, many of whom don’t even realize they qualify.

Don’t leave that money on the table. Whether it’s data breaches, banking scandals, or defective products, chances are you’ve been impacted by at least one of these issues at some point.

Which of these settlements surprised you the most, and have you ever filed a claim?

Read More:

11 Budget Laws That Keep Middle-Class Families Perpetually Broke

15 Different Types Of Lawyers And When You Will Require Their Services



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