ClaimClam is a company that aims to revolutionize the way class action settlements are handled, by leveraging artificial intelligence to identify class members and help them make settlement claims.
The service helps individuals get what they’re entitled compensation to from corporations who have been found to may have violated their rights. The company finds class action settlements and files claims on behalf of individuals, ensuring they receive their portion of the settlement fund. The company handles all the paperwork and forms, making the process of getting their settlement easier.
ClaimClam is always monitoring new class actions and will notify a potential claimant when they think they’re entitled to a portion of the settlement fund. Their mission is to maximize the amount recovered from claims.
Controversies
Despite its innovative approach, ClaimClam has been creating controversy in the class action process. The company has appeared at hearings during the past month in both the $725 million settlement over Facebook’s Cambridge Analytica scandal and the $255 million agreement with Juul.
In the aftermath of the Facebook Cambridge Analytica scandal, where personal data of millions of users was collected without their consent, a $725 million settlement was reached. ClaimClam appeared at hearings related to this scandal, filing claims on behalf of individuals.
However, this has raised concerns among plaintiffs’ lawyers who question whether these claims are on behalf of real class members or made without their knowledge. “As practitioners in this area, it does concern us,” Derek Loeser, a partner at Seattle’s Keller Rohrback, told U.S. District Judge Vince Chhabria at the final approval hearing.
Despite these concerns, ClaimClam maintains that its actions are boosting claim rates. “There’s a lot of people in this class, and they have difficulty, some people, in making claims,” Matt Borden, a lawyer for ClaimClam, said at the hearing. “If they want to hire a service like ClaimClam to do it, they should be allowed to do so.”
Similarly, in the Juul agreement, a $255 million settlement was reached after years of litigation over Juul’s marketing tactics. ClaimClam again appeared at hearings related to this agreement, filing claims on behalf of individuals. The same concerns from plaintiffs’ lawyers have been raised in this case as well.
Reviews and Success Stories
ClaimClam has received a medium trust rating from Scamadviser, indicating that it’s likely a legitimate service but that caution should be exercised when making use of it. However, as with any service, it’s always recommended to do your own research before using it.
While specific success stories are not readily available, ClaimClam’s mission to maximize the amount recovered from claims suggests that they have been successful in helping individuals receive their share of class action settlements.
