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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."

2 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.

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    Trolling is a art,