Lowey Dannenberg Secures Preliminary Settlement Approval on behalf of Global Payments Investors

On August 26, 2024, Judge Leigh Martin May issued an order granting preliminary approval of a $3.6 million settlement between Global Payments Inc. (“Global Payments”), Active Network LLC, certain individual defendants, and the settlement class. In this lawsuit, Plaintiffs alleged that: (i) Active Network LLC—Global Payments’ wholly-owned subsidiary—used deceptive and abusive acts and practices to dupe its customers into enrolling into its own discount club; (ii) since 2011 Active Network LLC and by extension, Global Payments, was aware of such unauthorized conduct and that it was violating relevant regulations and laws; and (iii) since 2011, Global Payments failed to properly monitor its subsidiary from engaging in such unlawful conduct and all of the foregoing subjected Global Payments to a foreseeable risk of heightened scrutiny. Final approval of the settlement is set for December 11, 2024.