Legal matters often seem complicated and mind-boggling, especially when it comes to class action lawsuits. The Asurint settlement is one such case that has been making headlines. One Source Technology, LLC, doing business as Asurint, is at the heart of this case. But don’t let the complex legal lingo deter you. We will break down everything you need to understand about this settlement.
Case Background
The legal action we’re discussing here is notably named ‘Bingollu v. One Source Technology, LLC’. It was lodged in the U.S. District Court for the District of Minnesota. Burak C. Bingollu, the plaintiff, initiated this lawsuit. The defendant in this case is One Source Technology, LLC, better known by its business name, Asurint.
The issue that gave rise to this lawsuit is not unique. It is a common occurrence in many industries where consumer reports play a critical role. So, it would be beneficial for us to understand the happenings behind this case.
Allegations Against Asurint
The allegations against Asurint are serious. The plaintiff, Mr. Bingollu, claimed that Asurint had breached the Fair Credit Reporting Act (FCRA). This act is a federal law in the United States that regulates how consumer credit information is collected, stored, and shared. But what exactly did Asurint do?
According to Mr. Bingollu, Asurint added notations on individual’s consumer reports without following correct procedures. Such actions, if true, can have far-reaching consequences. It might affect people’s credit ratings, and ultimately their financial standing, without them even being aware of it. This is why the FCRA is in place – to prevent such instances and protect consumers.
Key Players: Burak C. Bingollu & Asurint
Now that we understand the allegations, let’s get to know the key players a bit better. The plaintiff, Burak C. Bingollu, is the person who initiated the lawsuit. He took up the mantle to challenge Asurint’s alleged violation of the FCRA. He represents not only himself but also other individuals who may have been affected by Asurint’s actions.
Asurint, the defendant, is operated by One Source Technology, LLC. Asurint’s business involves providing background check solutions that organizations use for hiring decisions. The way they handle consumer reports is crucial. Any misstep, as alleged in this case, can cause serious problems for the individuals involved.
There you have it – a simple introduction to the Asurint settlement. We have covered the background of the case, the allegations against Asurint, and the key players involved.
Settlement Agreement Details
The settlement with Asurint is a serious matter, requiring the company to make amends. Asurint is required to pay a sum to the affected parties as part of this agreement. But how will this work? Well, to receive a payment, individuals must take action.
They must either submit a claim form by a specified date or have already disputed the information in the Social Security Number (SSN) Trace section of their background check. If Asurint subsequently revised this section, they would be eligible for a payout.
Important Dates & Deadlines
Mark your calendars! There are a few crucial dates that you need to be aware of. The deadline to submit a claim form was July 28, 2024. If you want to opt out or object to the settlement, make sure to do so by July 13, 2024. If you miss these deadlines, you might lose your rights under the settlement agreement.
Also, jot down the date for the Final Fairness Hearing – September 4, 2024, at 10:00 AM CT. This is when the court will decide whether the settlement is fair and reasonable.
How To Submit A Claim Form?
Submitting a claim form is a straightforward process. If you are an affected individual, you should have received a notice with a claim form.
Fill out the form with the relevant details and submit it by the deadline – July 28, 2024. Ensure you fill the form carefully and accurately to avoid any issues or delays in receiving your settlement payment.
Other Settlements:
Options For Class Members
If you are a class member, you have a couple of options. You can either accept the settlement terms or choose to opt-out. If you opt-out, you will not receive a payment, but you will retain the right to sue Asurint separately. If you choose to stay in the class, you can still object to the settlement if you believe it is not fair or reasonable. Just remember, the deadline to opt-out or object is July 13, 2024.
It’s important to note that the court still needs to approve the settlement. If approved, the settlement will be binding on all class members who have not validly excluded themselves. So, it’s essential to consider your options carefully and make the decision that’s best for you.
Final Fairness Hearing & Court Approval Process
The final fairness hearing is an important stage in the settlement process. This hearing is scheduled for September 4, 2024, at 10:00 AM CT. At this meeting, the court will decide whether the terms of the settlement are fair and reasonable. It’s the court’s way of ensuring the agreement serves the best interests of the affected individuals.
But the court’s decision isn’t the end of the process. Even after the court gives its approval, a waiting period ensues. This waiting period allows for any appeals to be lodged. If there are no appeals, the court’s approval becomes final. Only then are the terms of the settlement officially binding on all class members, except those who have validly excluded themselves.
Potential Settlement Payments & Distribution
So, what does the settlement mean for you? For the affected individuals, it means a potential payment. Asurint is required to compensate those who have been affected by their alleged improper handling of consumer reports.
However, receiving this payment isn’t automatic. To be eligible, you must submit a claim form by July 28, 2024. Alternatively, you may already have disputed information in the SSN Trace section of your background check, which Asurint corrected. Only then can you expect a payout.
But when should you expect this payment? Payments will be made approximately 60 days after the court’s final approval of the settlement, provided there are no appeals. Therefore, patience is required. The legal process may seem slow, but it is thorough and aims to ensure fairness.
Conclusion
We’ve now covered the Asurint settlement in detail. From understanding the allegations and the key players, to exploring the details of the settlement agreement and its implications. But what are the next steps for you if you’re a class member?
The first step is to mark important dates on your calendar. Ensure you submit your claim form by July 28, 2024, if you have not already disputed information in your SSN Trace. If you wish to opt out or object to the settlement, do so by July 13, 2024.
Remember, the court’s final approval is still pending. So, keep an eye out for updates regarding the final fairness hearing on September 4, 2024. If the settlement is approved and there are no appeals, you can then expect your settlement payment around 60 days later.
