Costco Class Action Settlement 2024: How To Claim and Eligibility Criteria?

Costco Class Action Settlement 2024

Costco Class Action Settlement 2024: The Costco Wholesale Corporation has agreed to contribute $2 million to address the class action lawsuit. This settlement stems from claims that Costco engaged in a campaign to deploy false information on its Kirkland Signature Moist Flushable Wipes as being safe to be flushed. It was alleged that these wipes were not flushable at all and thus posed a huge threat to pipework, from pipes to septic systems, as well as sewage lines and pumps. The problem mainly impacted the people who bought these wipes in New York during the period between July 1, 2011, and May 31, 2017.

Costco has agreed to settle the lawsuit but denied any wrongdoing or liability . This decision is part of a wider issue of the consumer product industry, particularly the problem connected with marketing and proper disposal of those wipes called ‘flushable’. This particular case focuses on the legal consequences of product misrepresentation as well as the necessity of correct labeling of the products.

What is Costco Flushable Wipes Class Action Settlement?

What is Costco Flushable Wipes Class Action Settlement?

The class action lawsuit involves allegations touching on Costco’s Kirkland Signature Moist Flushable Wipes product. The notion for this lawsuit was filed by the consumers, who said that these wipes labeled as flushable are not fit for flushing. This wrong impression created was the cause of many plumbing problems, including pipe blockage, spoilt septic systems, and interrupted sewage systems, resulting in undue inconveniences and additional expenses for consumers.

Also Read: Verizon Class Action Settlement 2024

While marketing the wipes as septic and sewer-safe, the litigation holds that they were instrumental in contributing to several plumbing issues that affected multiple households. Therefore, the plaintiffs alleged that the product was mislabeled, in violation of New York’s General Business Law § 349, which separately torts deceptive business practices.

Costco Flushable Wipes Settlement Eligibility

Costco Flushable Wipes Settlement Eligibility

To be eligible for compensation from the Costco Kirkland Signature Moist Flushable Wipes class action settlement, individuals must meet the following criteria:

  • Location and Purchase Period: Had bought the wipes in the state of New York between July 1, 2011, and May 31, 2017.
  • Personal Use: Only purchases made for personal or family purposes and not for commercial purposes can be claimed.
  • Exclusions: Patients who have made any contribution to the legal action, who work at Costco or Nice-Pak or anyone who bought wipes with the intention of resale were excluded.
  • Proof of Purchase: You are not forced to present a claim, though it helps in the submission of a claim.

Costco Flushable Wipes Settlement Compensation Details

The amounts, which are said to have been set, show that each qualifying purchase of the flushable wipes entitles the claimant to $1.30 per unit during the time of the settlement class period. The minimum that can be awarded is $7.50 per household, allowing even companies that bought less than six units to get a base amount. The recommendations for compensation are that a household’s maximum amount should be $55.90, which can be equivalent to up to 43 unit purchases.

The cash payment to the members of the settlement class is limited to $2 million. This includes the costs of all the administrative work that the fund shall undertake in the implementation of this settlement. Where the total sum of all proper claims exceeds this amount, the varying payments may be diminished on a pro rata basis.

In addition to individual compensations, contingency fees also provide for attorney’s fees and expenses, costs of administration and a share to the plaintiff for the initiation of the suit.

Also Read: Capital One Bank Class Action 2024

How to Submit Costco Class Action Settlement Claim Form Online

1. You can access the claim form at the official settlement website.
2. If you would like to complete a paper form to mail in, one is printable on the website as well.
3. Please fill out the claim form with your name, address and phone number.
4. If submitting by mail, print the completed form.
5. Check that all the information that was filled in the spaces is correct and that all the details needed are filled in.
6. Submit the form directly through the website or mail it to the provided address.
7. If mailing, ensure your form is postmarked by August 9, 2024.
8. Keep a copy of your submitted form and any confirmation receipts for your records.
9. Visiting the website of the settlement frequently will help you know the status of the settlement as well as any notifications regarding your claim.

Costco Class Action Settlement 2024 Important Dates

DescriptionDate
Start of Eligible Purchase PeriodJuly 1, 2011
End of Eligible Purchase PeriodMay 31, 2017
Deadline to Submit ClaimsAugust 9, 2024
Final Approval HearingAugust 30, 2024
Deadline for Exclusion RequestsAugust 9, 2024
Deadline to File ObjectionsAugust 9, 2024

FAQs

Q. What is the settlement for the Costco claim?

A. Costco’s Kirkland Signature Moist Flushable Wipes bought between 2011 and 2017 are potentially eligible for money in a class action lawsuit settlement. The lawsuit alleges that Costco rightfully marketed their wipes as being flushable, whereby they exposed customers pipes, septic systems and other plumbing systems to severe damage.

Q. Is the Costco lawsuit real?

A. The case was resolved but the membership wholesaler never entered a plea of guilty. The settlement is part of a payment of $2 million to Costco. Not all Costco customers who sued the firm can receive part of the settlement. The wipes that you must have bought were bought in New York between July 1, 2011 and May 31, 2017.

Q. How much does Costco payout?

A. The dividend yield for Costco Wholesale Corporation is 0.53%,  implying that for every $100 worth of investment that an investor made in the company’s stock, s/he would receive $0.53 in dividends per year. The current payout ratio of 32.4% is distributed as a dividend.

Leave a Comment