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Price-Fixing Settlement Checks in the Mail

Posted by michael on from the don't-spend-it-all-in-one-place dept.

toastyman writes "Remember the Music Industry $67m settlement from way back in 2002? Seven months later than planned, your $13.86 check is finally on its way. In addition to the cash settlement, the defendants in the suit are also giving 5.6 million CD's to educational programs."

5 of 269 comments (clear)

  1. We should all by Ymiris · · Score: 5, Interesting

    Give our HUGE check to the woman fighting the RIAA, that would be good :)

    --
    **It runs through my veins like radioactive rubber pants! Do not deny my veins!**
  2. Big bloody deal. by grub · · Score: 5, Interesting


    the defendants in the suit are also giving 5.6 million CD's to educational programs.

    I bet these will be the first CDs to sport the New & Improved FBI Anti-Piracy Seal

    Jokes aside, the story doesn't quote the exact number of people getting cheques ("More than three millions") so I'll err to averages that 3.5 millions people will get $13.86. That's $48,510,000. Who gets the other $18,490,000? The lawyers.

    Another nit to pick is that they'll be giving out 5.6 million CDs. big deal, they can write that off in the accounting office. What they'll donate are discs that are sitting in warehouses because of poor sales. After all, a write off is better than dumping them in a landfill.

    The recording industry isn't taking a bit hit on this by any stretch, the only ones to profit are the lawyers.

    --
    Trolling is a art,
  3. ...giving 5.6 million CD's to educational programs by ViolentGreen · · Score: 4, Interesting

    In addition to the cash settlement, the defendants in the suit are also giving 5.6 million CD's to educational programs."

    Why not sell those 5.6 million cds and give the profit to educational programs instead?

    --
    Not everything is analogous to cars. Car analogies rarely work.
  4. Re:Wonderful! by eln · · Score: 4, Interesting

    You're assuming everyone that joined the class actually bought a CD during that time. While statistically probably that the majority did, since no proof of purchase was required, we can safely assume there are at least a few people who hadn't bought anything but signed up for the free money.

  5. Big fucking deal. I want to try small claims court by skintigh2 · · Score: 4, Interesting

    I bought about 200 CDs during the time when they were convicted for price fixing and over charging by up to $5 per CD. So, having been robbed of $1,000 in late 1990's dollars, I am offered $13.86 in 2004 dollars. Woo fucking hoo.

    No, I did not sign up for the lawsuit as I correctly assumed it would be a waste of my time and they would probably just sell my personal info for a profit.

    Now that they have been convicted, perhaps it would be a simple matter to sue and win in small claims court? Any lawyers out there?