Country for PR: United States
Contributor: PR Newswire New York
Wednesday, December 30 2020 - 06:22
AsiaNet
Bonsignore Trial Lawyers, PLLC announces a settlement has been reached in the In re: TelexFree Securities Litigation
WORCESTER, Mass., Dec. 30, 2020 /PRNewswire-AsiaNet/ --

-- If You Bought a TelexFree AdCentral or AdCentral Family Package, a $22.5 
Million Class Action Settlement May Affect Your Rights 

    -- A class action lawsuit brought on behalf of victims of the TelexFree 
       pyramid scheme is currently pending. 
    -- Plaintiffs allege that they were injured as a result of the Defendants' 
       assistance and participation in the TelexFree pyramid scheme. Defendants 
       dispute Plaintiffs' claims. 
    -- A $22.5 million settlement has now been reached in this litigation 
       regarding claims against Fidelity Co-operative Bank ("Fidelity Bank") 
       and John Merrill (together, the "Fidelity Bank Defendants" or "Settling 
       Defendants"). 
    -- This is the fourth settlement reached in this litigation. Three 
       settlements were previously reached with nine Defendants and three 
       related third-parties and have received final approval by the Court. 
    -- Your legal rights will be affected whether you act or do not act. The 
       complete Notice, available at www.TelexFreeSettlement.com, includes 
       information on the Fidelity Bank Defendants' settlement and the lawsuit. 
       Please read the entire Notice carefully. 
    -- The Court in charge of this case still has to decide whether to approve 
       the settlement. 
    -- The Notice and additional information translated in a variety of other 
       languages is available by visiting www.TelexFreeSettlement.com You may 
       also call 877-829-4140 to obtain additional information in a variety of 
       other languages. Translators are available upon request.

                      YOUR LEGAL RIGHTS AND OPTIONS

OBJECT BY                    Submit your objection explaining why you disagree 
JANUARY 11, 2021	     with the settlement and/or the requested 
                             attorneys' fees, litigation expenses, and 
                             incentive awards.

EXCLUDE YOURSELF BY          This is the only option that allows you to 
JANUARY 11, 2021	     individually sue the Settling Defendants about the
                             claims asserted in this case. You will no longer 
                             be a member of the Settlement Class and you will 
                             not receive any funds from this settlement.

GO TO THE HEARING ON         Ask to speak in Court about any aspect of the
FEBRUARY 26, 2021	     settlement and/or the requested attorneys' fees, 
                             litigation expenses, and incentive awards.

DO NOTHING	             You will remain a member of the Settlement Class. 
                             You will give up any rights you currently have to 
                             separately sue the Settling Defendants for the 
                             conduct that is the subject of the lawsuits.

For More Information visit www.TelexFreeSettlement.com
 
SOURCE Bonsignore Trial Lawyers, PLLC

CONTACT: Robert Bonsignore, 781-350-0000
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