EDWARDSVILLE, Ill. (CN) – Cendant Corp. will pay $25 million to settle a class action fraud lawsuit in Madison County Court. Class members claimed Trilegiant, a Cendant subsidiary, made unauthorized charges to their credit cards for products such as Privacy Guard, Credit Alert, Auto Vantage, Travelers Advantage and Buyers Advantage.
Trilegiant must publish notices of the settlement in Parade Magazine, USA Weekend, USA Today, TV Guide, People, American Profile and PR Newswire between 28 and 45 days of preliminary approval; set up a Web site where class members can download claim forms, and pay up to $100,000 in charitable donations.
The Lakin Law Firm will receive $8 million in fees and named plaintiffs Charlene Pederson, Heather Nordberg, William Smith, Julie Asbshine, Thomas Stackhouse, Richard Schnickel, Virginia Schnickel and Stephen Powers will receive between $3,000 and $10,000 in incentive awards.
All claims must be postmarked by Jan. 15, 2009.