# Selling a claim vs. waiting for distribution

_Cash today at a discount, or the full pro-rata share on the court's schedule._

Selling a filed claim converts a future, uncertain court distribution into a fixed payment today, at a discount to the expected recovery. Waiting keeps the full pro-rata share but leaves the amount and the timing in the court's hands. Sell for certainty and speed; wait if your business can carry the delay.

The trade is narrow and it is mostly about time. A filed claim in a large antitrust settlement can sit in the distribution queue for years while appeals resolve, the court approves a distribution plan, and the administrator validates data. In the payment card settlement, final approval came in December 2019, the first partial distribution was approved October 30, 2025, and the Second Circuit affirmed on May 4, 2026 with en banc petitions still pending.

Waiting is the better call when the business has no near-term use for the money, the claim is well documented, and the distribution is already in motion. In that case the pro-rata share is the larger number and patience is cheap.

Selling is the better call when cash flow matters now, when the claim value is uncertain enough that a fixed number is worth more than an estimate, or when the business is being sold, wound down, or audited and an open receivable is a complication.

Neither path requires you to give up anything you already hold. A purchase transfers the right to the distribution on that claim only. It does not affect other settlements, other claims, or your standing in future cases.

If you are unsure which side you are on, the useful first step is knowing what the claim is actually worth. We audit the claim against your own transaction records, then you decide.

## At a glance

Factor | Sell the claim | Wait for distribution

Timing | Paid on closing, typically weeks | On the court's schedule; often years
Certainty | Fixed amount agreed up front | Estimate until the administrator finalizes shares
Amount | Discounted against expected recovery | Full pro-rata share, if the claim validates
Effort after signing | None; we handle the transfer | Ongoing tracking, data requests, address updates
Risk carried | Transferred to the buyer | Appeals, data disputes, and reductions stay with you
Balance sheet | Cash now; receivable closed | Open, unvalued receivable

## Common questions

### Is selling a class action claim legal?

Yes. Claims in most settlements are assignable, and administrators recognize properly documented transfers. The purchase covers the right to the distribution on that specific filed claim.

### How much less do I get by selling?

Pricing reflects how far the settlement is from paying, how well the claim is documented, and what remains contested. The discount narrows as a distribution gets closer.

### Can I sell part of a claim?

In some cases yes. Ask us with the claim in front of you and we will tell you plainly what is possible on that settlement.