A federal lawsuit alleges that Angeion Group LLC, Epiq Systems Inc., and JND Legal Administration, three class-action settlement administrators, collected millions in undisclosed fees. These fees are allegedly linked to the use of digital payments and prepaid cards for distributing settlement funds.
Lead plaintiff Tyler Baker claims the administrators engaged in a deceptive scheme to receive hidden compensation, describing the payments from digital payment platforms and fintech companies as 'kickbacks'. These payments, Baker argues, were concealed from class counsel and the courts.
The lawsuit highlights concerns about transparency and potential conflicts of interest in the handling of class-action settlement funds.
Three administrators of class-action settlements were sued in federal court over millions of dollars in undisclosed fees they allegedly collected related to digital-payments and prepaid cards they used to distribute settlement funds.
Lead plaintiff Tyler Baker alleged that Angeion Group LLC, Epiq Systems Inc., and JND Legal Administration engaged in a “manipulative and deceptive scheme” to obtain hidden compensation for their service as court-appointed administrators in thousands of class-actions across the country.
The payments they received from digital-payment platforms and fintech companies that provide the payment mechanisms were “nothing more than kickbacks” that were hidden from class counsel, the courts, ...
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