By Jon Newton 1/14/03
If you bought a Music Product (a pre-recorded compact disc, a cassette or a vinyl album) from a retailer (an entity selling Music Products at retail price) between January 1, 1995 and December 22, 2000, you're probably eligible for between $5 and $20 from the record labels and/or some retailers.
Are you thinking this is some kind of hoax?
The Fulsome Five record labels, and then some, together with certain sellers, are defendants in pending lawsuits relating to price fixing and cointrol.
The claims have been brought by attorneys general of 43 states, commonwealths and territories, and by counsel for the Plaintiff Settlement Class (of which you may be a member) in what's being called the Compact Disc Minimum Advertised Price Antitrust Litigation.
MDL Docket No. 1361 reads:
Unlikely as it may seem, so far, the defendants have all agreed to pay a combination of cash-and-kind. Combined cash payments total $67,375,000. As well, 'Distributor Defendants' will provide $75,700,000 worth of pre-recorded music compact discs.
"By the end of December, only about 30,000 people nationwide had applied for a piece of the pie, a tiny fraction of the number the settlement could handle," said an Associated Press story.
It also quoted Washington Attorney General Christine Gregoire as saying, "The response thus far has been fairly abysmal."
If you think you're eligible, go here for more info.
But ACT NOW! The deal closes on March 3.
The ultraslim iRiver SlimX MP3/CD player is available at Amazon
Jon Newton is the editor of p2pnet.net and is a regular contributer to MP3 Newswire. Jon's site is devoted to the politics of digital music and his insights as well as those of his co-writers can be read there. We urge to to explore it.
Other MP3 Stories:
The MP3 Losers of 2002
The MP3 Winners of 2002