Settlement FAQs

what is arco settlement

by Alberta Durgan PhD Published 3 years ago Updated 2 years ago
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The settlement will resolve a lawsuit on behalf of a Class in which the Plaintiff alleges that Arco-branded stations in certain California counties failed to redeem ARCO Pump Pass gift cards that have a balance of less than $10 for cash upon request by Class Members. WHO IS INCLUDED IN THE CLASS?

January 28, 2021. Millions of dollars in the groundbreaking Arco debit card settlement went unclaimed by Class Members who were charged an unexpected $0.35 fee at gas pumps in Oregon between 2011 and 2013. Arco, along with BP, was accused of hiding a debit card fee in violation of state law in a class action lawsuit.Jan 28, 2021

Full Answer

What happened to ARCO?

After the Atlantic Richfield Company acquired Sinclair Oil in 1969, Atlantic Richfield decided to merger their three separate service brands into one and call it ARCO. $60 million was spent in the rebranding effort.

Is Arco still in business?

The headquarters' building was a 46-story office building designed by architect I.M. Pei, the ARCO Tower. ARCO closed the Dallas office and sold the building in the mid-1980s. Today, ARCO operates about 1,100 stations in five Western states: California, Nevada, Oregon, Washington, and Arizona.

How did Arco get its name?

k1. ProQuest 156676561. Arco was chosen early in the company's marketing name. It had been used for years in internal correspondence at the old Atlantic Refining Co. ^ "SignResource Delivers Its 30,000th BP Helios". SignResource. Archived from the original on May 1, 2006.

When did Arco become part of BP?

After its subsequent fracture in the late 1980s and early 90s, ARCO became a subsidiary of UK-based BP plc in 2000 through its BP West Coast Products LLC (BPWCP) affiliate. The Atlantic Petroleum Storage Company's heritage dates back to 1866.

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Who bought ARCO?

On April 18, 2000, ARCO was purchased by BP America and completely merged into BP operations. There were two exceptions due to FTC requirements: ARCO Alaska was sold by BP to Phillips Petroleum, and ARCO Pipe Line Company was acquired by TEPPCO, a subsidiary of Enterprise Products.

Why did ARCO eliminate its own credit card program?

Due to the increasing cost in processing credit card sales, ARCO eliminated its own private credit card program and also the acceptance of all bank credit cards, such as Visa and MasterCard, in 1982. In this way, the company was able to pass the resulting savings on to its dealers which resulted in the company becoming the only major gasoline retailer to accept only cash at its stations.

What is the name of the oil company that merged with Atlantic Refining?

ARCO was formed by the merger of East Coast –based Atlantic Refining and California-based Richfield Oil Corporation in 1966; the company's name is an acronym (not initialism) of the two companies. A merger in 1969 brought in Sinclair Oil Corporation. In the 1970s and 80s, ARCO was one of the largest companies in the world, consistently a top 20 company of the Fortune 500. After its subsequent fracture in the late 1980s and early 90s, ARCO became a subsidiary of UK-based BP plc in 2000 through its BP West Coast Products LLC (BPWCP) affiliate.

What year did Tesoro buy ARCO?

On August 13, 2012, it was announced that Tesoro would purchase ARCO and its refinery for $2.5 billion. The deal came under fire because of increasing fuel prices. Many activists urged state and federal regulators to block the sale because of concerns that it would reduce competition and could lead to higher fuel prices at ARCO stations (ARCO stations make up more than half of all stations with the lowest fuel prices in California). On June 3, 2013, BP sold ARCO and the Carson Refinery to Tesoro for $2.5 billion. BP sold its Southern California terminals (Vinvale, Colton, San Diego, Hathaway, and Hynes) to Tesoro Logistics LP, including the Carson Storage Facility. BP sold the ampm brand to Tesoro for Southern California, Arizona, and Nevada. BP exclusively licensed the ARCO rights from Tesoro for Northern California, Oregon, and Washington.

What is Anaconda's holdings?

Anaconda's holdings included the Berkeley Pit and the Anaconda, Montana Smelter. ARCO founder Robert Orville Anderson stated "he hoped Anaconda's resources and expertise would help him launch a major shale-oil venture, but that the world oil glut and the declining price of petroleum made shale oil moot".

When did ARCO start accepting debit cards?

In 1986 , ARCO began to accept bank ATM cards (which later became debit cards) at its stations by adding on a transaction fee of initially 10 cents for those sales while maintaining cash only sales at the previous low price.

When did ARCO acquire Sinclair Oil?

ARCO acquired Sinclair Oil Corporation in 1969, but later divested certain Sinclair assets during the mid-1970s, resulting in Sinclair returning as a private company.

When did anyone get included in the class settlement?

Anyone is generally included in this class settlement if they own or owned buildings or residences built on or after January 1, 2002 that contain (or contained) Uponor yellow brass fittings.

What happens when a class action lawsuit settles?

When a class action lawsuit settles, people who could collect part of the settlement may receive a letter in the mail or an e-mail that contains instructions on how to claim their money or refunds. In some cases, however, attorneys working on the case have no way of gathering the contact information of people who could claim part of a final settlement.

What happens to money that’s left on the table after a settlement deadline has passed?

The lawyers get paid, and so should you. Don’t leave your money on the table – it could very well be returned to the defendant, leaving little encouragement for big corporations to change their ways.

What does the Dominion National settlement cover?

This settlement covers those whose personal information was stored on Dominion National’s computer network and may have been accessed during a security incident.

How many people were affected by Equifax?

If you are one of the estimated 147 million people affected by the September 2017 Equifax data breach, you may be included in the settlement.

Is a Mercedes Benz covered by a settlement?

If you bought or leased a Mercedes-Benz or Sprinter BlueTEC II diesel vehicle, you may be covered by this settlement.

Can you claim zonolite attic insulation?

Yes. If Zonolite attic insulation was installed in a structure that you own (ed) or rent (ed) and you had to pay any costs related to its removal, you may be able to claim a piece of this settlement. Visit Official Settlement Website.

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