Visa Prepaid Debit Card Call Recording Class Action Lawsuit Settlement

Please tell us what this is all about. We have no idea who marenco is all about. How can one remember all the calls we have made, and what were charged to our visa account,all of were paid as scheduled. Is this a scam to get personal info on my accounts????
We would like to know why this letter was sent to us. Please reply.
I have no intent to be a party of this action, unless we are involved.
Thank you June Marceau

I have no idea when we called and we no longer have the card. How are we suppose to remember what numbers we called I no longer work for the people who issued me the card. Please be more clear on how we know that this is not a scam. People should be very leery. I never give out my personal information just because someone sends me a letter on something that happened over a year ago…..

I have the same concerns

A scam? What do you mean? It’s a class action lawsuit settlement claim form. Read the notice. Or go to the website provided above and read the complaint and other documents.

The lawsuit is real. I just went and viewed it using PACER. I also used RECAP for you folks so you don’t have to sign up for a PACER account yourself and pay for the document/search. The docket for the case can now be found for free at http://ia600706.us.archive.org/33/items/gov.uscourts.cacd.485691/gov.uscourts.cacd.485691.docket.html and you’re welcome. If you have any doubts, just call one of the attorneys for the class.

As for those people asking ‘what is this about’, why don’t you just try reading the notice? It’s against the law to record phone conversations in certain states without the consent of all parties involved. Visa or someone working for Visa allegedly recorded conversations in violation of these laws. Someone by the name of Francisco Marenco initiated a class action lawsuit against them. The notice is the proposed settlement offer. If you are a member of the class, you could possibly receive up to $1,000 or up to $5,000 if you live in CA. It’s all there in black and white. While it’s always a good idea to be a little paranoid when it comes to giving out your information, it’s also a bit ridiculous to jump to conclusions that everything is a scam, when this particular matter can be easily researched and verified by anyone with just a modicum of intelligence.

Subject to the Court’s approval, the terms of the Settlement are as follows:

A. Total Payment to the Class. Visa will pay total consideration in the sum of Eighteen Million Dollars ($18,000,000) which shall be placed into an interest bearing escrow account following preliminary approval of the Settlement (the “Gross Settlement Amount”).

B. Enhancement Fees, Attorneys’ Fees and Litigation Costs. From the Gross Settlement Amount, Class Representatives and Class Counsel will ask the Court to award a maximum of Eighteen Thousand Dollars ($18,000) to the Class Representative as compensation for being the Plaintiff in the Action and in settlement of his claims (“Enhancement Payment”) and to award attorneys’ fees for Class Counsel in an amount not to exceed Four Million Five Hundred Thousand Dollars ($4,500,000) plus expenses incurred by Class Counsel. These awards will be subject to Court approval.

In addition, all expenses incurred in administering the terms of the Settlement Agreement, such as providing notice to the Class of the pendency of the Settlement, the acceptance of claims on behalf of the Class and the payment of Settlement funds, as well as all other aspects of the claims administration process, shall be paid for from the Gross Settlement Amount.

C. Distribution of Net Settlement Amount to Class. The remainder of the Gross Settlement Amount following the payments described in paragraph B above (the “Net Settlement Amount”) will be divided among those who file a timely claim and prove to the Settlement Administrator that they are in the Class. Callers from California will receive five times the amount that callers from Florida, Maryland, New Hampshire, Nevada, or Washington will receive, but with that exception everyone who shows that he or she is in the Class will receive the same amount, up to a maximum for California callers of $5,000 and a maximum for callers from the other five states of $1,000. The Settlement Administrator’s decision about whether a person is in the Class, and what state he or she resided in or called from, will be binding, final, and non-appealable.

Any unclaimed or undistributed funds will be given to charities proposed by the Parties and approved by the Court.

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5. When is the Final Approval Hearing?

The Court held a hearing on November 28, 2011 and granted the motion for final approval of the Settlement. The Court also granted Class Counsel’s motion for attorneys’ fees, litigation expenses, and Class Representative’s Enhancement Payment. The motion(s) by Class Counsel for attorneys’ fees and costs and Enhancement Payment for the Class Representative are posted on this website.

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6. When will payments be distributed to Class Members?

Checks mailed to eligible class members on Friday, January 27, 2012.

I recieved a check and went to the bank but before i made the deposit i asked if it was a real.check the manager wasnt sure so ibwent to another tht was on the check and they told me it was real.So i went to my bank to deposit in my account hours later i get a call.from the manager saying the check may be a scam and now the check is on hold cuz apparantly they have recieved a few so now i have to wait to see what happens Has anyone else recieved a check and cashed it yet ?

Case # 65759473