A mind-numbing 15 million dollar settlement has been proposed in the class action lawsuit entitled Brink, et al. v. Raymond James & Associates Inc., Case No. 0:15-cv-60334, and Wistar, et al. v. Raymond James Financial Services, et al., Case No. 0:16-cv-60284, both in the U.S. District Court for the Southern District of Florida.
To file a claim and get a slice of the 15 million dollar settlement pie please visit www.brinkwistarsettlement.com and click on the claim form.
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Who should file a claim?
According to case documents, you should file a claim if you were…
“a former and current Customers of Raymond James and Associates, Inc. (‘RJA’) in the United States and its territories who executed a ‘Passport Agreement’ and owned a Passport Account, and from whom RJA deducted, retained, and or charged a per transaction ‘processing Fee’ or ‘Misc. Fee’ on transactions involving ‘Fee Investments’” between either Feb. 17, 2010 and June 31, 2020 or Feb. 11, 2011 and June 30, 2020.
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How much money will Class Members receive?
Varies. (each award will be based on the amount paid combined with a multiplier)
But generally speaking class members can expect the following payouts…
- Class Members who paid between $.01 and $9.95 in fees will receive that amount
- Members who paid between $9.96 and $15 in fees will receive that amount times two
- Class Members who paid between $15.01 or more in fees will receive that amount times three.
BrinkWistarSettlement.com Contact Points
- Mail: Brink Wistar Settlement c/o American Legal Claim Services PO Box 23489 Jacksonville FL 32241-3489
- Phone: 1-800-506-1915
Please note proof of purchase is not needed at Brink Wistar Settlement class members will automatically be enrolled into the lawsuit based on financial records.
Some fees were as little as $.01, while others were as high as $30. The award will be based on the amount paid combined with a multiplier. Those who paid between $.01 and $9.95 in fees will receive that amount; those who paid between $9.96 and $15 in fees will receive that amount times two; those who paid between $15.01 or more in fees will receive that amount times three.