I read a Kiplinger.com article regarding the TransUnion class action settlement. I registered for the free credit-monitoring service and provided my e-mail address, but I have not heard back about the next steps. It has been more than a month since the September deadline.
On September 17, the court approved a settlement in which TransUnion agreed to offer free credit monitoring to more than 160 million people. However, the court now is dealing with appeals, which must be dismissed or decided before the settlement can be affirmed.
At that point, the settlement class administrator will contact participants with instructions about how they can start receiving the credit-monitoring benefits. You don't need to do anything before then. "No action prior to this notification is necessary or required by the consumers who registered," says TransUnion spokesman Steven Katz.
Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
For more information about the settlement, see ListClassAction.com. The deadline to sign up for benefits was September 24, 2008.
Who's buying Lehman stock?
I am a former Lehman Brothers employee, and I still own stock in the company. The stock continues to trade on the pink sheets. Who is buying it and why?
We can't exactly be sure who's buying, but we do know who's done quite a bit of selling. Not long after the investment bank filed for bankruptcy on September 15, chief executive Richard Fuld, other company officials and two directors sold millions of shares at prices ranging from 7 cents to 30 cents. The stock, which fetched as much as $68 in November 2007 and now trades under the symbol LEHMQ.PK, sold for 10 cents a share in mid October.
Why would these insiders sell for so little? Because they know it's virtually certain that Lehman's common stock will eventually be rendered worthless; that's usually what happens when a company files for Chapter 11 reorganization. From the perspective of the honchos, a few pennies on millions of shares is better than nothing at all.
Doing the buying are undoubtedly high-risk gamblers, as well as unsophisticated investors who figure they can make a killing if Lehman shares return to even a tenth of where they were during the glory days. And who knows? Speculators may make some money if they can sell to a greater fool.
-
What's Next for MicroStrategy Stock as Bitcoin Nears $100K?MicroStrategy stock is up more than fivefold in 2024 thanks to a furious rally in bitcoin. Here's what you need to know.
-
BJ's Wholesale Pops on Membership Fee Hike, Stock BuybacksBJ's stock is rallying Thursday after the warehouse club raised its membership fee for the first time in seven years and unveiled a big stock buyback program. Here's what you need to know.
-
Credit Report Error? They All Mattercredit & debt Don't dismiss a minor error. It could be the sign of something more serious.
-
Insurance for a Learning Driverinsurance Adding a teen driver to your plan will raise premiums, but there are things you can do to help reduce them.
-
529 Plans Aren’t Just for Kids529 Plans You don’t have to be college-age to use the money tax-free, but there are stipulations.
-
When to Transfer Ownership of a Custodial Accountsavings Before your child turns 18, you should check with your broker about the account's age of majority and termination.
-
Borrowers Get More Time to Repay 401(k) Loans
retirement If you leave your job while you have an outstanding 401(k) loan, Uncle Sam now gives you extra time to repay it -- thanks to the new tax law.
-
When It Pays to Buy Travel Insurance
Travel Investing in travel insurance can help recover some costs when your vacation gets ruined by a natural disaster, medical emergency or other catastrophe.
-
What Travel Insurance Covers When Planes Are Grounded
Travel Your travel insurance might help with some costs if your trip was delayed because of the recent grounding of Boeing 737 Max planes.
-
Ways to Spend Your Flexible Spending Account Money by March 15 Deadline
spending Many workers will be hitting the drugstore in the next few days to use up leftover flexible spending account money from 2018 so they don’t lose it.
