||FOCUSED ON ADMINISTRATION OF
CLASS ACTION SETTLEMENTS AND
REGULATORY ENFORCEMENT ACTIONS
EDUCATION & CERTIFICATIONS
B.S., Management Carlson School of Business, University of Minnesota
Kim Schmidt, a senior vice president at Rust Consulting, leads Rust’s government services practice area and has a depth of experience in consumer finance, insurance and healthcare matters. Schmidt has 18 years of experience consulting with counsel, economic experts, and independent distribution consultants and overseeing administration for class action settlement and regulatory enforcement action.
Since joining Rust in 1999, Schmidt has worked on all aspects of more than 500 settlements. Her experience informs Schmidt’s current role: providing consultative expertise to clients seeking to accomplish critical settlement objectives through innovative and customized administration strategies.
Engagements that Rust has successfully administered under Schmidt’s leadership include the LiPuma v. American Express settlement, the MetLife insurance settlement, the $445 million HealthSouth joint private and Securities and Exchange Commission actions, and the Attorneys General and Class E-book settlements. Schmidt further oversees services provided for federal agencies including the Dept. of Justice, the Dept. of Labor, the Federal Trade Commission, and the Office of the Comptroller of the Currency.
Author, “Claims Administration,” in A Practitioner’s Guide to Class Actions (Second Edition), American Bar Association, August 2017
Co-Author, “ERISA Settlements: Planning for Success,” What We've Noticed, August 2017
Co-Author, “Exhausting Post-Distribution Funds,” What We've Noticed, February 2017
Co-Author, “National Mortgage Settlement Distribution Summary Report,” April 2014
Panelist, “21st Century Settlements -- How to Get the Most Back to the Consumer,” National Association of Attorneys General: Antitrust Litigation Training Seminar, Hartford, CT, September 25-27, 2013
Frequent CLE presentations