groovehouse
03-15-03, 06:27 PM
Compact disc settlement: $12.60 each (http://www.suntimes.com/output/news/cst-nws-cds14.html)
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.
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.