Phi Finney McDonald Settlement Notice - ANZ Credit Card Class Action - Are You Participating?

So I received an email (mostly looking sus) with a title 'Settlement Notice - ANZ Credit Card Class Action' with hyperlinks to https://anz.pfm.law/…. Too many red flags. However, googling this showed some reddit posts and other links to Phi Finney McDonald, making me think that this might not be a spam.

So, if you have received this, are you participating in this? Have you ever received any settlement where a law firm has asked you to participate?

This is the mail:

We are writing to provide you with important information regarding the ANZ Credit Cards Class Action.

You have received this email because you are a group member in the ANZ Credit Cards Class Action, and the Federal Court of Australia has authorised ANZ to provide your contact details to Phi Finney McDonald.

On 30 July 2024, the Federal Court ordered that group members must register by 4 October 2024 to participate in and receive money from the settlement of the class action if the Federal Court approves settlement.

For more information and to register and review the Settlement Notice, go to this unique, single-use link regarding your claim: https://anz.pfm.law/<removed>

You may independently confirm the legitimacy of this email and the proposed settlement of the ANZ Credit Cards Class Action by searching “ANZ Credit Cards Class Action + Phi Finney McDonald”, by visiting Phi Finney McDonald’s website at this link, or by visiting the Federal Court of Australia’s website at this link.

The Federal Court of Australia has approved this message.

Yours sincerely,

Phi Finney McDonald

And the reddit link : https://www.reddit.com/r/AusFinance/comments/1epx0oe/anz_cre…

Poll Options

  • 11
    Yes, I will join & I have received settlement before
  • 25
    Yes, I will join but havent received settlement before
  • 9
    No I wont join
  • 4
    This is definitely spam

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Comments

  • +2

    I received it but haven’t read through it. In past class action where I’ve received these emails and completed them, I’ve received nothing

  • +2

    https://phifinneymcdonald.com/action/anz-credit-cards-class-…

    If you held an ANZ “interest-free” personal credit card within the period of 1 July 2010 to 31 December 2018 and were charged interest on purchases made on that credit card during that period, you are a group member in this class action and may be eligible to receive financial compensation following Court approval of the settlement.

    If that definitely doesn't apply to you, it is probably not worth your time applying. If you aren't sure, apply anyway.

  • Yep ive been part of a few and have been paid. Nurofen was one of the most widely known ones for misleading advertisements on essentially a range of products that were all the same.

  • +1

    its free money, of course i signed up

  • +1

    Seems like they purposely made the URL look dodgy to get less claims lol

  • I think i signed up even though I didn't have one of those products. I thought it I was sent it because i'm signed up for the class action against ANZ/essanda car loans.

  • +1

    Lionel Hutz approved?
    Works on contingency? No, money down!

  • Hah! All this for $40. #Winning

  • Settlement Sum: $57,500,000

    Residual Settlement Sum:* $34,311,351.15

    Claimant's pro rata proportion of Retrospective Interest:* 0.000548087200513692%

    Applying Claimant's pro rata percentage to the Residual Settlement Sum:* 0.000548087200513692% x $34,311,351.15

    Claimant's estimated recovery:* $188.06

    Woo hoo! $188.

    Not sure what's more ridiculous, the $23m in fees to the lawyers etc. or the pro rate % calculated to 18 decimal points.

  • $45 estimated for me.

  • Only got $15.6, its not my main credit card hence the small amount.

  • $62. Thanks I would not have submitted had I not seen this!

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