The Group Litigation is currently open to Claims Management Companies (CMCs) that have back-books of merit rejected PPI claims as well as unclaimed ‘mis-sold’ PPI policies. This represents a unique opportunity for CMCs to monetise their back books of PPI cases, including:
ALL previously rejected PPI claims
ALL under-compensated (‘tipping point’ claims
What’s Unique About RGL’s Plevin Group Litigation
The RGL PPI (Plevin) Group Litigation differs from the other legal solutions that currently exist in the market.
No need for DSAR
No need for full calculation of claim quantum prior to submitting the claim
Will take all PPI claims, regardless of claim value
Highly credible boutique City litigation firm has been appointed
Payment to CMCs will come directly from the funder if the claim is successful, so no chasing of customer debt
Provides a scalable solution that can on board any size of Plevin back book
Comparing ‘Plevin’ PPI solutions
The Group Litigation is not pursuing claims on an individual basis through the County Courts. RGL’s Group Litigation solution – likely to be in the High Court – has significant advantages for claimants and CMCs as the Group Litigation will issue multiple Claim Forms against multiple defendants for multiple claimants, therefore providing a genuinely scalable solution which litigating claims on an individual basis will not provide.
What CMCs are required to do
Agree and sign the RGL Introducer Agreement
Without any obligation and when ready, market the RGL Plevin Group Litigation to existing PPI back book
Encourage customers to sign up to the RGL Plevin Group Litigation – a single form is required, in either paper or e-signature format
Claimants in the RGL Plevin Group Litigation remain CMC introducer’s clients (albeit alternative arrangements can be accommodated – please let us know). RGL will only contact claimants for the purposes of the Group Litigation
Simply transfer a defined customer data-set onto the RGL case management system
Commission Paid to CMCs
In return for referring claims into the RGL Plevin Group Litigation, the CMC will receive a commission of 20% (including VAT), rising to 24% depending on the scale of the aggregate awards.
PPI and Plevin Deadline Approaching – 14 November 2020
It appears highly likely that after 14th November 2020 – 6 years from the date of the Supreme Court’s judgment in the Plevin case* – any defendant will argue that new claims are time-barred. Whilst there may be counter arguments to any such limitation defence, claims will become more difficult to pursue, more costly and take more time.
If you have not started to litigate your back book of PPI and Plevin claims, then you may simply run out of time. RGL’s Group Litigation proposition solves this problem – we will issue multiple claims against multiple defendants in one stroke before November 2020, providing a genuinely scalable solution.