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Respected Contributor
Posts: 2,203
Registered: ‎04-03-2016

@Desertdi 

 

Yes, did join years ago.

Honored Contributor
Posts: 21,044
Registered: ‎10-25-2010

I have received checks for class action lawsuits.  I got five different checks from State Farm Insurance for five different accounts.  The amounts were each in the thousands.  I had to apply.

 

I also received a transfer into my PayPal account from the KEURIG K cup lawsuits.  I had to apply and sent proof.  The check was substantial, but not thousands.  I just got most of my spent money back.

 

I have never received a check from a class action lawsuite that I did not apply for that was for more than $5 or $10.

 

I would deposit the check, but not spend the money until the check cleared. Sometimes, class actions are done on our behalf if we don't opt out, but I personally have never received $500 or even close to that for those types of suites.

Honored Contributor
Posts: 44,344
Registered: ‎08-23-2010

 

I read somewhere that 95% of all checks issued are cashed or deposited within 5 days.  

 

It is assumed that after 30 days it probably won't ever be cashed, but I think the minimum end time was 45 days in most states.   The longer they go uncashed, the more likely the checks are lost or misplaced.  

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