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Compact disc settlement: $12.60 each

Discussion in 'BBS Hangout' started by rockHEAD, Mar 15, 2003.

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  1. rockHEAD

    rockHEAD Member

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    Compact disc settlement: $12.60 each

    Compact disc buyers who applied for a share of a price-fixing settlement in a class-action lawsuit that accused major record companies and retailers of price-fixing will get about $12.60 apiece if a judge signs off on the deal.

    About 3.5 million people who bought CDs between 1995 and 2000 went online and filed by last week's deadline to share in the settlement, which could have been as much as $20 per person if fewer people had filed claims.

    A judge is expected to rule May2 on the plan to split $44 million allocated for individual claims among the plaintiffs and to donate 5.5 million CDs, worth nearly $76 million, to public institutions and not-for-profit organizations.

    Payments should be mailed out within weeks of the settlement's approval.

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  2. RunninRaven

    RunninRaven Member
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    Sweet! Glad I signed up for this. Maybe I will use my check to buy a new CD. :D
     
  3. Behad

    Behad Member

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    I'm glad I signed up, my wife signed up, my three kids each signed up, and my dog signed up.
     
  4. BobFinn*

    BobFinn* Member

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    I just download songs for free. Lets call it getting even;)
     
  5. DrewP

    DrewP Member

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    Ya, I signed up once and am happy because it was pretty easy. It sucks that people signed up multiple times though, without that stuff each person would have gotten something closer to $20.
     
  6. mr_oily

    mr_oily Member

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  7. Mr. Mooch

    Mr. Mooch Contributing Member

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    AWESOME!!!

    I can't remember if it was you, rh, that started that original thread, but thanks!

    I'll use it for something illegal.
     
  8. red

    red Member

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    with that $12.50 i will buy a couple six packs and drink in honor of rH.
     
  9. Mr. Mooch

    Mr. Mooch Contributing Member

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    AND you'll have 10 cents to spare!
     
  10. mr_oily

    mr_oily Member

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    in addition to my :rolleyes:

    I would just like to say, why don't they just lower the prices of CDs forever and ever?!!
    And we all live happily ever after.:D
     

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