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Here's what SC residents need to know. Thousands of residents across South Carolina are receiving ?unexpected checks? in the mail. In lieu of a name, the return address reads ?COOK V SCPSA.? Amounts range from $99 to only a dollar or less. No, it's not a scam.
People have mixed feelings about class-action suits, and whether you cash class-action refund checks is up to you. Generally, if you get one, you probably paid a lot more in wrongful fees than you're getting back in the settlement. If you don't cash the check, the money may go back to the company.
Santee Cooper and SCE&G (now Dominion Energy) were the owners of the project. The lawsuit argued that consumers should not have to pay for the nearly $9 billion in costs that were sunk into the failed project and essentially lost with nothing to show for them.
Defendants denied the allegations in the lawsuit but have agreed to settle. As part of the Settlement, Settlement Class Members who did not timely exclude themselves from the Class are eligible to and will receive payment or bill credit from the Common Benefit Fund.
You are receiving a second Check because you were identified as an eligible Class Member and the Settlement provides for payments or bill credits in successive distributions, or installments.
Yes, you can deposit your settlement check. But it is worth discussing your settlement negotiations and where you want to deposit your settlement check after it is delivered.
Each claimant will receive approximately $30 on average. The payout amount is based on the number of valid claims that were filed. U.S. District Judge Vince Chhabria said the amount was lower than expected but is clearly a result of the unprecedented number of claims filed.