My $13.86 check from the CD MAP Antitust Ligitation arrived today in the mail — the first damages I’ve ever received in a lawsuit. I guess I should take back all the nasty things I’ve ever said (or innuendoed) about over-paid class action lawyers. Naw.
According to the Seattle Post-Intelligencer on Feb. 20th:
Checks for $13.86 each were mailed Friday to about 3.5 million consumers who bought CDs, vinyl records or cassettes between 1995 and 2000 and filed refund claims by last March. . .
About $47.4 million was being paid in consumer refunds. The companies also were giving 5.6 million music CDs, worth about $77 million, to libraries and schools across the country. About $20 million of the final settlement was used to pay for attorneys fees and other administrative costs, said Tom Dressler, [Calif. AG] Lockyer’s spokesman.