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ivan@stellysee.de
| From | hsomers@law.gwu.edu |
| Subject | Re: don't hold your breath |
| Date | Wed, 29 Jan 2003 14:46:43 -0500 |
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On 29 Jan 2003 at 14:29, Mike Shupp wrote:
> Are you saying that the defendants are trying to persuade consumers to register
> claims, such that, if enough are registered, they won't have to pay out
> individual claims, only a lump sum...? If so, where would this lump sum go?
> Just curious- thanks...
According to the CD MAP settlement website:
"The cash paid by the Defendants, after the payment of attorneys'
fees, litigation and Settlement administration costs, shall be
distributed to consumers who purchased Music Products. The
number of claims filed will determine the actual amount of the
individual refund but will not exceed $20.00 per claimant. If
the number of claims filed would result in refunds of less than
$5.00 per claimant, there will be no cash distribution to
individual consumers. Rather, the cash portion of the
Settlement shall be distributed to not-for-profit, charitable,
governmental or public entities to be used for music-related
purposes or programs for the benefit of consumers who
purchased Music Products."
Of course, this is after all court costs and attorney fees are
paid.
Best,
Herb Somers
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