If you are a current or former member of Cobb Electric Membership Corporation or Cobb EMC, you may be entitled to a payment from the Cobb Electric Membership Corporation | Cobb EMC Capital Credit Class Action Settlement.
Cobb Electric Membership Corporation (“Cobb Electric Membership Corporation” or “Cobb EMC” or “Defendant”) has reportedly agreed to a proposed settlement of a class action lawsuit against Cobb Electric Membership Corporation in the Superior Court of Cobb County, State of Georgia (captioned as In re Cobb EMC Class Action, Case No. 10:100353-48) alleging, among other things, that the prior board and management of Cobb Electric Membership Corporation failed to retire capital credits that belonged to former and current Cobb Electric Membership Corporation members, according to the Cobb Electric Membership Corporation | Cobb EMC Capital Credits class action settlement notice.
Who Is Included In The Cobb Electric Membership Corporation | Cobb EMC Capital Credit Class Action Settlement?
The Cobb Electric Membership Corporation | Cobb EMC Capital Credit settlement class reportedly includes, unless otherwise excluded, all individuals and entities that were members of Cobb EMC (i.e., they received power from Cobb EMC) at any time after Cobb EMC’s formation in 1938 to December 31, 2012.
What Settlement Benefits Does The Cobb Electric Membership Corporation | Cobb EMC Capital Credit Class Action Settlement Provide?
The Cobb Electric Membership Corporation class action settlement will reportedly provide a settlement fund of $98 million to make payments to class members as well as to pay class counsel’s attorneys fees and expenses. Cobb EMC Class Members are reportedly entitled to receive cash payments, without discounts, for capital credits allocated to them through the 1st half of 1988, a 1-time payment (discounted to present value using a twelve percent discount rate) or paid out over 24.6 years without discount for Cobb Electric Membership capital credits allocated to them from the 2nd half of 1988 to December 31, 2012, and certain pre 2013 Generation & Transmission G&T Capital Credits if Cobb EMC receives a cash payment of Generation & Transmission G&T Capital Credits.
Cobb EMC capital credits settlement class members reportedly must file claims to receive cash payments. Online claim filing and downloadable claim forms are available on the Cobb EMC settlement website at cobbemcsettlement.com.
Where Can You Obtain More Information About The Cobb Electric Membership Corporation | Cobb EMC Capital Credits Class Action Settlement?
For more information regarding the Cobb Electric Membership Corporation | Cobb EMC Capital Credits class action lawsuit settlement, write to Cobb EMC Class Action Settlement, c/o GCG, PO Box 10020, Dublin, Ohio 43017-6620 or call 888-292-8850 or visit the settlement website at www.cobbemcsettlement.com
If You Have Thoughts On The Cobb Electric Membership Corporation | Cobb EMC Capital Credits Class Action Settlement, Share Your Cobb Electric Membership Corporation | Cobb EMC Class Action Settlement Comments Below.
i have tried to file my claim on online i can’t get it to take me claims
Why does it take so long to get a check on the Cobb EMC settlement? They took our money, now they are dragging their feet in paying us.
Will we ever get paid? July is almost gone and no one’s talking.