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Paynter Law

Representing Individuals and Small Businesses on a Contingency Fee Basis

(844) 472-9683

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    • Stuart M. Paynter
    • Celeste H.G. Boyd
    • Jennifer L. Murray
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    • David D. Larson, Jr.
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Meracord Update: Fidelity Settlement

April 24, 2017

A settlement was reached this month between Plaintiffs and Fidelity & Deposit Company of Maryland (“Fidelity”) in our pending Meracord litigation. Fidelity was one of the two surety companies that issued surety bonds on behalf of Meracord. (A settlement was reached in March 2016 with the other surety company, Platte River Insurance Company.)

The Fidelity settlement is still pending Court approval, so no details of the settlement are final until the Court approves the settlement. A fairness hearing is anticipated to occur around late September 2017. Under the settlement, Fidelity will pay $9,875,000. This amount will have to be divided among all Fidelity states and class members on a pro-rata basis.

For more information about the Fidelity settlement, the Platte River settlement, or the Meracord case, please visit www.meracordclassaction.com.

In addition to consumer protection class actions such as the above, The Paynter Law Firm PLLC also handles cases involving complex business litigation, personal injury, wrongful death, antitrust, nursing home, medical malpractice, and more. For more information about our firm, please visit our Areas of Practice page or contact us.

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OUR TEAM

  • Stuart M. Paynter
  • Celeste H.G. Boyd
  • Jennifer L. Murray
  • Sara Willingham
  • Erica C. McAdoo
  • David D. Larson, Jr.

CASES WE HANDLE

  • Commercial Litigation
  • Intellectual Property
  • Consumer Protection
  • Personal Injury
  • Lithium Ion Battery Injury
  • Vaping Lung Injury

CONTACT US

410 Boylan Ave, Suite 100
Raleigh, NC 27603

1200 G Street NW, Suite 800
Washington, DC 20005

106 S. Churton Street, Suite 200
Hillsborough, NC 27278

(844) 472-9683
admin@paynterlaw.com