If you received an electronically printed receipt from a Krist Oil Company CITGO gas station from December 1, 2006 through November 30, 2009, that displayed more than the last five digits of your credit or debit card number or the expiration date, your rights may be affected by a class action lawsuit settlement.
A class action settlement has been reached in a class action lawsuit against Krist Oil Company (“Krist Oil Company” or “Krist Oil” or “Defendant”) in the United States District Court for the Western District of Michigan (styled Seppanen et al. v. Krist Oil Company,Class Action Case No. 2:09-cv-195) alleging, among other things, that Krist Oil Company violated the law when it provided at the point of sales or transaction printed credit and debit card receipts that did not comport with the Fair Credit Reporting Act’s truncation requirements that no more than the last five digits of the account number should be printed or that no expiration dates are to be printed on the receipts, according to the Krist Oil Company CITGO Gas Station FACTA credit card receipt truncation class action lawsuit settlement website and settlement notice.
Krist Oil Company CITGO gas station FACTA credit card receipt truncation lawsuit settlement class members reportedly include the following persons, unless otherwise excluded:
All persons who used either a credit card or debit card at any of Krist Oil Company’s businesses in Michigan, Wisconsin and Minnesota, where Krist Oil Company provided that person an electronically printed receipt at the point of sale or transaction that displayed the expiration date or more than the last five digits of that person’s credit card or debit card, for a time period beginning on December 1, 2006, until November 30, 2009.
Under the proposed Krist Oil Company CITGO Gas Station FACTA credit card receipt truncation lawsuit settlement agreement, class members may make a claim from the common settlement fund of $750,000 after the Court’s award of attorney’s fees and costs, the class representative award, and costs related to the notice and administration of the class. After these deductions, the remaining settlement fund will reportedly be subject to a pro-rata distribution to class members who properly submit a timely claim form.
The Court will reportedly hold a fairness hearing on August 9, 2011 at 11:00 a.m. in the courtroom of Judge Gordon J. Quist, 110 Michigan St., NW, 499 Federal Building, Grand Rapids, Michigan 49503 to determine whether the proposed Krist Oil Company CITGO gas station class action settlement is fair, reasonable and adequate and in the best interests of the class.
For more information on Krist Oil Company CITGO gas station FACTA credit card receipt truncation class action lawsuit settlement, including information on how to participate in, object to or opt out of the settlement and the deadlines by which to do so, visit the Krist Oil Company CITGO class action lawsuit settlement website:
www.kristoilsettlement.com
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