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Examples of the broad variety of settlement types administered by Axxion and its members include:

BANKING – Axxion personnel administered a regional depositor claims center on behalf of federal regulatory authorities. The claims center maintained records and disbursed receivership payments to depositors and creditors for institutional receiverships across several states.

BANKRUPTCY – Axxion administers and distributes receivership funds on behalf of a Trustee under the terms of a creditor trust agreement.

CONSUMER FINANCE / FINANCIAL SERVICES – Axxion personnel administered a settlement involving allegations of usurious interest rates on funds advanced by a short-term lender.

CONSUMER PRODUCTS / PRODUCT LIABILITY – Axxion personnel administered a class action involving one million class members who purchased a specific type of wheel alignment.

HEALTHCARE / PERSONAL INJURY – Axxion personnel served as the administrator of a personal injury class action settlement involving individuals allegedly exposed to Hepatitis C through the use of a blood-derivative medical product designed to boost patients’ weakened immune systems.

INSURANCE – Axxion serves as the Administrator of a settlement between an insurance company and a state’s insurance regulatory authorities resolving challenged conduct under which the company qualified for larger bonuses and contingent commissions.

MEDICAL LIABILITY – Axxion personnel administered a class action settlement involving transmission of Hepatitis B disease to patients during clinical tests administered by an infected health care worker.

PENSION BENEFITS – Axxion personnel administered the nation’s largest pension benefits class action involving the distribution of over $1 billion benefits to a putative class involving over 10,000 terminated pension plans.

RIGHTS-OF-WAY / REAL ESTATE – Axxion administers class action settlements involving U.S. nationwide telecom companies who placed fiber optic cable in abandoned and active railroad corridors in various states. Axxion also administers settlements involving real estate converted to recreational trails. The engagements involve GIS mapping of corridors and adjacent properties; developing information on affected properties; developing property metrics; researching owners of record; determining dates of ownership; determining the periods of impact; and, in some cases, determining relative property values along the corridors.

WAGE AND HOUR – Axxion personnel administer multiple wage and hour settlements involving workers with alleged misclassification of overtime and pay for missed meal and rest periods.

 


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