Edward Jones Settlement Checks
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After reading the last post, I called the settlement administrator phone number again to get some clarification since we all seem to be getting told different things. Yes, EJ has 60 days from January 5 to dispute the settlement. Wil they, I seriously doubt it. One hurdle gone…
Could a member of the class file a dispute to the settlement? Possibly and if so, they will delay the payout. The administrator is planning on beginning January 26 issuing the checks. Right now I was told they are on target. Could it change? Yes, but I hope not. That is why we seem to be getting different information. January 26 is the planning beginning day, but yes, it could change.[quote=mydogisgoldie]After reading the last post, I called the settlement administrator phone number again to get some clarification since we all seem to be getting told different things. Yes, EJ has 60 days from January 5 to dispute the settlement. Wil they, I seriously doubt it. One hurdle gone…
Could a member of the class file a dispute to the settlement? Possibly and if so, they will delay the payout. The administrator is planning on beginning January 26 issuing the checks. Right now I was told they are on target. Could it change? Yes, but I hope not. That is why we seem to be getting different information. January 26 is the planning beginning day, but yes, it could change.[/quote] January 26 of what year, goldie?Also, my understanding is that the amount of the check has nothing to do with the number of people participating. There is a set formula based on your time at Jones during the period in question, and that is it.
[quote=mydogisgoldie]After reading the last post, I called the settlement administrator phone number again to get some clarification since we all seem to be getting told different things. Yes, EJ has 60 days from January 5 to dispute the settlement. Wil they, I seriously doubt it. One hurdle gone…
Could a member of the class file a dispute to the settlement? Possibly and if so, they will delay the payout. The administrator is planning on beginning January 26 issuing the checks. Right now I was told they are on target. Could it change? Yes, but I hope not. That is why we seem to be getting different information. January 26 is the planning beginning day, but yes, it could change.[/quote] If Jones has 60 days from January 5 to dispute the settlement, how on earth could they start issuing checks on January 26? What would happen if on the 55th day they decided to dispute it? This is kind of like calling in to the home office when you have a question. You better call back two or three times until you are sure you get something close to the right answer.Sorry everyone, I did mean February. Thanks Bull&Bear for catching the mistake without making some sarcastic comment.
I called the 800 number on 2/20/09. They still could not give a per month dollar amount for the settlement, even though checks are going out on Feb 26th. I asked if they would be able to give out the Per month amount on the 26th, but the rep couldn’t answer that question…told me to call back after the 26th and ask again.
This rep made it sound like ALL checks were going out on Feb 26th, but I would assume that is the day they start mailing checks.Thanks for the update Jones99. I wish they would give a dollar amount though. I was laid off from ML yesterday as a CA and I can use the money.
I was told the amount per month is $38. Maximum number of months is 55. I was also told that check were being mailed on the 26th of February. Maximum take is $2090.
Any more updates ( what is the phone number)
I have my frame ready, but it looks wierd with nothing in it.Someone clarify something for me. Are they doing a ck a month or a one time lump sum?
I don’t know if you are referring to the Ellis vs. EDJ case, but I inquired with the attorney today via email and was informed that if I were included in the action, I would have been notified by now. If it is the same case, none of this makes sense because I did submit the paper work that was sent many months ago, and apparently none of us have been notified.
I did too. It does not make sense to me. If you were there during the dates involved, you should be part of the acion provided you returned the forms.
If you filled out the forms and mailed them in, you are a part of the class action. That was your notification. As in any class action, the only thing you hear next is if something changed with the case or you receive a check or whatever the settlement was. Go back to the beginning of this series and call the 800 number. They will tell you if they have your paperwork.
well, i took your advise and called that number. they had all my info and everything on hand and then told me that i am not involved because i did not have my signature notorized. i’m pissed. they claimed they sent me out a new form to sign and get notorized, but i never received it. anyone have any advise?
I can’t wait, I’m going to go out and stimulate this economy.
"Hey everybody, we're all gonna get laid"The $27.67/month is AFTER they have withheld taxes. Part of the money is considered wages (thus the withholding), but part of it is penalties, which are not taxed. I believe checks are being mailed from Minnesota.Checks being mailed today… estimate came down from $38/month to $27.67/month…