Hi. I received a settlement check as a pro rata share of a class action against a corporation. Is this taxable income?
Here is the text from the letter that accompanied my check.
Attached is a check for your pro rata share of the distribution of the Net Settlement Fund in the action entitled KBC Asset Management NV v. 3D Systems Corporation, et al., No. 0:15-cv-02393-MGL (D.S.C.). This distribution has been calculated in accordance with the Court-approved Plan of Allocation described in the Notice of Proposed Settlement of Class Action sent to you with the Proof of Claim.
Please note that the tax treatment of this distribution varies based upon the individual circumstances and tax status of each Authorized Claimant. Accordingly, neither Lead Counsel nor the Claims Administrator is able to determine the appropriate tax reporting for any Authorized Claimant. You should consult with your tax advisor to determine the tax consequences, if any, that this distribution of the Net Settlement Fund may have for you.
Please deposit this check promptly, as it becomes void and subject to redistribution to others if not negotiated by June 24, 2020. lf you have any questions, please contact the Claims Administrator at 3D Systems Securities Settlement, P.O. Box 3170, Portland, OR 97208-3170, or the telephone number or email address noted above.
