CD antitrust settlement approved
Posted by George D. Ziemann on December 5, 2003 at 9:37 PM (printer friendly)
by George Ziemann
There's a story at MSNBC with the subtitle, "3.5 million people who joined lawsuit would get $12.60 each".
Unfortunately, you're not going to "get" anything, uless you are willing to buy another one of the greedy record companys' CDs.
"A federal judge has approved a settlement of a lawsuit filed on behalf of millions of record club members who alleged they had been overcharged in a price-fixing conspiracy. Under the settlement signed Wednesday by U.S. District Judge D. Brock Hornby, the CD buyers will receive vouchers to give them 75 percent discounts for new compact discs, which they will receive with no shipping or handling charges."
So we all get screwed again because the only way to cash in on what they owe us is to buy more of their product.
This sucks big time. I don't want another one of their damn CDs.
And it won't hurt the industry one little bit. Because who ultimately pays? The artists whose record we buy.
"Hornby approved a $143 million settlement in a related lawsuit last July that accused major record companies and large music retailers of conspiring to set minimum music prices. Under that settlement, 3.5 million people are to receive checks for $12.60, and libraries and schools across the country will get $75.7 million worth of music CDs.
"The lawsuit was signed by the attorneys general of 43 states and territories and consolidated in Portland in October 2000."
So don't expect to see that check. You're evidently getting a worthless voucher.
Link
peace
sean
Posted by George D. Ziemann on December 5, 2003 at 9:37 PM (printer friendly)
by George Ziemann
There's a story at MSNBC with the subtitle, "3.5 million people who joined lawsuit would get $12.60 each".
Unfortunately, you're not going to "get" anything, uless you are willing to buy another one of the greedy record companys' CDs.
"A federal judge has approved a settlement of a lawsuit filed on behalf of millions of record club members who alleged they had been overcharged in a price-fixing conspiracy. Under the settlement signed Wednesday by U.S. District Judge D. Brock Hornby, the CD buyers will receive vouchers to give them 75 percent discounts for new compact discs, which they will receive with no shipping or handling charges."
So we all get screwed again because the only way to cash in on what they owe us is to buy more of their product.
This sucks big time. I don't want another one of their damn CDs.
And it won't hurt the industry one little bit. Because who ultimately pays? The artists whose record we buy.
"Hornby approved a $143 million settlement in a related lawsuit last July that accused major record companies and large music retailers of conspiring to set minimum music prices. Under that settlement, 3.5 million people are to receive checks for $12.60, and libraries and schools across the country will get $75.7 million worth of music CDs.
"The lawsuit was signed by the attorneys general of 43 states and territories and consolidated in Portland in October 2000."
So don't expect to see that check. You're evidently getting a worthless voucher.
Link
peace
sean
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