Feb. 26 at 2:38 PM
$GPN has agreed to settle with investors over claims that its subsidiary, Active Network, charged consumers membership fees without their consent and failed to properly disclose those practices.
Who’s eligible?
Anyone who purchased
$GPN shares between October 31, 2019 and October 18, 2022.
Do I need to sell my shares to qualify?
No — you are eligible whether you sold your shares or still hold them.
How much is the payout?
The payout per share is
$0.03 — but normally only about 25% of eligible investors file claims. If that trend holds, the effective payout could rise to approximately
$0.12 per share.
Can I still file?
Late claims are being considered for compensation, subject to approval.
When do payouts happen?
Typically within 8–12 months after court approval and processing of valid claims.
To file your claim: https://11th.com/cases/globalpayments-investor-settlement
