Many people don’t realize that money from old lawsuits and class action settlements may still be available for them to claim. Billions of dollars go uncollected every year because people either didn’t know they were eligible, didn’t file in time, or simply forgot about a lawsuit they saw on the news years ago.
According to the National Association of Unclaimed Property Administrators (NAUPA), state governments alone hold over $50 billion in unclaimed funds, some of which stem from legal settlements and payouts that many consumers overlook. Companies settle lawsuits all the time, whether it’s for faulty products, unfair practices, or corporate wrongdoing. And when that happens, the money often sits in escrow accounts, waiting for rightful claimants to step forward.
