UPDATE
VISA/MASTERCARD SETTLEMENT

We’ve traditionally held off on sending updates unless there was meaningful news to report. Due to a measured increase in client inquiries, we wanted to provide a brief update despite there having been little change in the status of the case.

While the “claim period” officially ended on February 4, 2025, the Claims Administrator (EPIQ) is still processing a large volume of claims, including many from Brownstone clients. We have been diligently responding to all claim challenges and updating our records accordingly.

There is no published estimate for how long this will take or how many claims are still pending. There is no published estimate for how long this processing will take or how many claims are still pending.

Until the Claims Administrator completes their work and all claims are reviewed and approved; no payout amounts can be calculated or distributed.

Brownstone Recovery will continue to monitor the case closely and will provide additional updates as new information becomes available.

Important Note: If you have any updates/changes to your contact detail, please call: (877) 202-2454

SUMMARY

CLASS PERIOD:
January 1, 2004 – January 25, 2019

FINAL APPROVAL: December 13, 2019

SIGNIFICANT DEVELOPMENTS: Assignment of Special Master for Administration & Distribution

COURT APPOINTED CLASS ADMINISTRATOR: EPIQ

AVAILABLE FUNDS: $5.54 billion

CLAIM FILING: PERIOD ENDED
Final Date: February 4, 2025

PAYOUT FACTORS:
Total Funds Available to pay all claims, Total Dollar Value of all Valid Claims,
Cost of Class Administration & Notices, Attorneys’ Fees and Expenses, Applicable taxes on settlement fund, Money to Rule 23(b)(3) Class Plaintiffs

FINAL PAYMENT DATE:
TBD by Special Master