Los Angeles -- Millions of U.S. music fans will soon begin receiving refund checks as part of a $144 million settlement of a price-fixing lawsuit against five distributors and three retailers.
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.
Attorneys general for 43 states and territories filed the antitrust lawsuit in 2000, alleging the companies illegally conspired to raise the prices of their products by imposing minimum pricing policies. All the companies denied any wrongdoing.
http://www.newsday.com/business/ny-music0220,0,1466784.story?coll=ny-business-headlines
A friend of mine got a check, too bad he didn't tell me to sign up before the deadline. Please see attached here:
http://66.98.162.34/uploads/post-59-1077593549.jpg
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