BIRMINGHAM, Ala., March 18, 2013 /PRNewswire/ -- With $7 Billion in class action settlement funds available to businesses who accepted Visa/MasterCard debit and credit cards during an almost eight-year period, Lexco Capital Partners, LLC is providing businesses with a hassle-free, paperless alternative to claim their portion of the settlement.
"We are pleased to provide busy business owners with an easy option that really is turnkey," explained J.J. Thomas, Esq., CEO of Lexco Capital Partners, "We provide businesses with an agreement located online that takes five minutes to read, fill out, digitally sign, and submit electronically. The process is hassle-free, paperless, and simple. And more importantly, Lexco does all the work on behalf of our clients."
Thomas, a former practicing attorney who has worked on major class action settlements, added, "In recent years, class action settlements have become a draconian collection of postcards, letters, tedious procedures, and innocuous legal forms. Businesses and individuals often are not able to dedicate internal time and resources to these class action claims. Lexco offers an intelligent and easy alternative for businesses to recover their share."
Lexco Capital Partners has entered a lucrative and practically untouched market: third-party class action settlement claims filing. "Most business owners simply throw away class action notices because, in this economy, they're more concerned about meeting inventories, tracking sales, or increasing the bottom line," remarked Thomas. "Lexco offers a way for businesses to recover what is due to them with no upfront costs and no time-consuming paperwork. Our fee is simply a percentage of what we recover for them. No recovery, no fee."
The Visa/MasterCard settlement claim money is available to businesses who accepted Visa/MasterCard credit or debit cards as payment at anytime between January 2004 and November 2012. It is based on the interchange or "swipe" fees paid by the businesses. The $7 Billion will be divided only among businesses who file a claim before the deadline.
Thomas noted, "We've had hundreds of businesses sign up and many have told us they would not have filed a claim if it were not for Lexco's easy, hassle-free filing service. Some of these businesses may be due many thousands of dollars in recovery. At Lexco, we are providing an efficient and effective financial recovery option for the Visa/MasterCard Settlement to all businesses, large and small."
K.B. Forbes 202-320-1212
SOURCE Lexco Capital Partners, LLC