Get what's yours in this settlement case $$$

  1. http://www.thewbalchannel.com/money/1884862/detail.html

    POSTED: 7:48 a.m. EST January 13, 2003
    UPDATED: 8:22 a.m. EST January 13, 2003

    The music industry is a multi-million dollar business and now you could see some of those dollars come back to you -- the consumer.

    Forty-one states are part of a settlement of a huge price-fixing lawsuit with several major music labels. The deal calls for companies to return $44 million to customers, but the problem is most people don't even know about it and officials fear that the money will go untouched.

    Right now, only 30,000 people have applied. Each consumer could get up to $20, depending on how many sign up to split the millions.


    You are only allowed to apply once and you can do so by clicking on here . If more than 8.8 million people sign up, the payout to each consumer would be below five dollars and the deal is off with the money instead would go to promote music programs.
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  2. 9 Comments

  3. by   Stargazer
    Thanks, Mel! I registered. It's be swell to get back the cost of , y'know, ONE WHOLE CD.

    Also forwarding to some friends.
  4. by   sunnygirl272
    i was all over it after checking its authenticity on snopes.com BUT it is not a secure site and i am very hesitant about giving even the last 4 digits of my SS on a nonsecure site....
  5. by   RN2B2005
    Hate to throw cold water on the party, but this is a scam. There is no multi-million dollar settlement, no money coming your way, no nothing.

    If you still want to believe in this "settlement", check out one of any number of scam and webhoax sites--I like snopes.com.

    I'm a born cynic, and the red flags for me included the fact that normally, lawsuit settlements are announced in print media, not online; that the website was not secure; and no specific "officials" were named.

    There is a similar version of this scam going around in e-mail.
    Last edit by RN2B2005 on Jan 13, '03
  6. by   PennyLane
    Hmmm...I trusted this site because it's our local Television news channel.
  7. by   PennyLane
    Okay, I went to snopes.com and found the following. Looks like this is NOT a hoax:

    Claim: CD purchasers can apply on a web site to claim their share of the settlement of a price-fixing lawsuit.

    Status: True.

    Origins: So many bogus "something for nothing" promises see wide circulation on the Internet that it's almost amusing to see one that's actually true yet is being largely ignored. Gullible netizens have been forwarding endless variations of the Bill Gates e-mail tracking hoax back and forth for years, but now that there's a real opportunity to collect $20 simply by spending a few seconds entering some information into a web site, the public has largely been too skeptical to try it, thinking the whole thing must be some kind of scam.

    For years consumers have been complaining about the relatively high prices of CDs (because they were generally priced much higher than vinyl records, even though they were just as cheap, if not cheaper, to manufacture). Finally someone did something about it: 41 states filed suit against five CD distributors and three music retailers, charging that the companies had conspired to fix minimum prices for CDs. In September 2002 the parties agreed to settle the lawsuit, and one of the terms of the settlement was that the companies agreed to reimburse customers who purchased music products between 1995 and 2000 by paying out a total of about $44 million in refunds.

    Anyone who bought a CD (or a record or a cassette) between 1995 and 2000 is eligible to claim his portion of the settlement by signing up before 3 March 2003; not even a receipt is necessary. Consumers can simply go to the CD MAP Settlement site, click on the link for filing a claim, and supply the requested information. Many people have balked at having to supply several items of personal information (home addresses, birth dates, and the last four digits Social Security numbers), fearing the site is a data-collecting scam, but the information is necessary in order to distribute the payment checks and ensure that no one files more than one claim.

    How much each applicant receives depends upon how many consumers end up filing for refunds, creating a bit of a "tragedy of the commons" situation. If few people apply (as of the end of December 2002 only 30,000 had signed up), everyone receives the maximum payment of $20. As more people apply the individual share lessens; if more than 8.8 million people eventually sign up, the individual share drops below $5 and consumers don't get anything. (The cost of mailing out over 8.8 million checks was deemed too expensive, so if the number of applicants reaches that total the settlement money will be donated to public entities and nonprofit organizations rather than distributed directly to consumers.)

    So, claim your money while you can. And hope nobody else is paying attention.

    Last updated: 7 January 2003

    The website I posted is the same being promoted by snopes: http://www.musiccdsettlement.com/english/default.htm

    Go here to get your $$!
  8. by   kristi915
    I heard that on the radio the other day...
  9. by   ShandyLynnRN
    Thanks! I heard that on the radio the other day as well! I signed up!
  10. by   Mkue
    Thanks Mel, I filled out the form.
  11. by   night owl
    The money should go to promoting music programs IN SCHOOLS instead of your tax dollar doing it. I'm with you sunny...not even my last four of my SS#.

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