Financial Recovery Services Blog

Taq Settlement

Sunday, March 1, 2009

Financial Recovery Services was successful and helped many businesses file for their refunds from the Taq (Thermus Aquaticus) antitrust settlement. The claim filing deadline was Friday, February 27th, 2009. It has now come and gone and unfortunately some eligible class members missed out and didn't get filed at all.

In the economy today, you would think that every eligible class member that could file for a refund from a class action settlement would jump on getting money back for free. Believe it or not they don’t and we still had a lot of convincing to do. We tried to help as many businesses as we could, and usually prevailed but unfortunately some just refused to file for their refund. It doesn’t make sense, and no one will know how many class members filed until the end, but typically only 20-30% file on time and obtain their refunds. The rest leave their money in the settlement fund to be distributed pro rata.

We will keep you all up-to-date throughout the coming weeks as the process continues and will be reaching out to some of you again about more additional settlements and refunds.

We made some new friends along the way, and want to thank a great laboratory director that educated us about Taq when we first got started, and a very special procurement specialist in NY State for being a FRS advocate. We also want to say, "thank you" to everyone who signed our agreements and to the purchasing departments who worked with us. Your business, confidence, loyalty and trust are greatly appreciated. It's a "partnership for success" which is why we are in the recovery field and what keeps us going everyday. We look forward to obtaining your refunds and working with you again soon.

All our best!