Debunking Common Myths About Class Action Settlements

Class actions are often misunderstood. Many businesses assume they aren’t eligible, that recoveries are too small, or that the process is too complicated. In reality, class actions are one of the most effective tools for businesses to recover money from unfair practices-money that would otherwise be lost.

At MCAG, we specialize in helping organizations navigate these opportunities. From identifying eligibility to managing the entire claims process, our team ensures businesses recover what they’re entitled to-with minimal effort required from them.

Myth #1: “Class actions only benefit lawyers.”

Reality: While attorneys are compensated for their work, the majority of settlement funds go to class members. Without class actions, many businesses would never collect damages or compensation tied to the alleged unfair practices.

Myth #2: “Settlements are insignificant or not worth the effort.”

Reality: Many settlements are worth hundreds of millions-even billions-of dollars. Businesses with significant transaction volume can recover substantial amounts, even when only a percentage of damages is paid.

Myth #3: “The process is too complicated.”

Reality: Claim filing can be complex and time-consuming, but experts like MCAG make the process virtually hands-off. We handle communication, data validation, and filing requirements to limit the burden on organizations.

Myth #4: “Filing makes us a target for litigation.”

Reality: Filing a claim does not expose a company to new lawsuits. Settlements are court-approved and designed to protect participants.

Myth #5: “We probably won’t qualify.”

Reality: Eligibility criteria are often broad, covering a wide range of industries and organizations. Even small businesses and indirect purchasers frequently qualify for compensation.

Myth #6: “Claims take too long to pay out.”

Reality: While settlements can take time to resolve, payouts do occur, often in multiple rounds. Waiting doesn’t reduce eligibility, and the amounts recovered can be substantial.

Myth #7: “It’s not worth our internal resources.”

Reality: Working with an experienced recovery firm like MCAG minimizes the lift on your team while maximizing returns. The ROI from filing claims almost always outweighs the minimal effort required.

Don’t let your business be one of the many that never file. Reach out to MCAG today and discover the claims you may already be entitled to — before those settlement dollars disappear for good.

Contact us to learn more about how MCAG can help you maximize your recoveries.