Did you receive a mail about class action concerning Ryder system? This review will help you partake in the class action settlement.
What Is Ryder System COBRA $390K Class Action Settlement?
According to the class action lawsuit, Ryder failed to adequately inform the plaintiff and other plan participants of their rights under the Consolidated Omnibus Reconciliation Act (COBRA). As a result of insufficient notices, plan participants and beneficiaries allegedly failed to elect continuation coverage as allowed under federal law.
What Is This Class Action All About?
Ryder hasn’t admitted any wrongdoing but agreed to a $390,000 settlement to resolve the COBRA class action lawsuit.
Under the terms of the settlement, class members can receive an equal share of the net settlement fund. After deductions for attorneys’ fees and other costs, each class member is estimated to receive between $7.50 and $10. Actual payments may be higher depending on the number of class members who opt out of the settlement.
Who Is Eligible?
The settlement benefits participants and beneficiaries of Ryder System’s health plan who were sent a COBRA notice by Ryder between Feb. 24, 2018, and Feb. 24, 2022, as a result of a qualifying event but did not elect continuation coverage. According to the settlement, there are 23,200 potential class members included under this definition.
How To Be Part of This Settlement
No claim form is required to benefit from the settlement. Class members can update their address on the settlement website (ThompsonClassAction.com) to receive their payment to the correct location.
What Is The Pay For This Settlement?
The pay for this settlement is between $7.50 and $10. Proof of purchase is not necessary.
Conclusion
As you submit your claim to the settlement website TompsonClassAction.com, just like Walmart Gift Card Scam Remission class action settlement we have reviewed, you’re doing so under penalty of perjury. You are also harming other eligible Class Members by submitting a fraudulent claim. The final approval hearing for the Ryder System settlement is scheduled for June 16, 2023.
