How many people remember way back around 1985 when Compact Discs came out. Remember how much they cost? The were around 10-13 dollars. Then remember in the 1990s? The price was raised to around 16-19 dollars a disc. What a dramatic increase. Well several years ago, there was a class action lawsuit filed against the RIAA for price gouging. If you went online, you could sign that petition and join the lawsuit.
Well, i did and the other day, i received a check from that suit! IT was about $14, but the case was won. I know that was not much money, but divided out between several million people, think about it.
Here is part of the ruling:
Here is part of the ruling:
The Defendants have agreed to pay a combination of cash and non-cash consideration. Defendants' combined cash payments total $67,375,000. In addition, Distributor Defendants will provide $75,700,000 worth of prerecorded music compact discs. This will take place in the 41 states that filed the suit.
I was a member and i filed a claim in Texas.
You are a member of the Settlement Group if you are a person (or entity) in the United States or its Territories and Possessions who purchased prerecorded Music Products, consisting of compact discs, cassettes and vinyl albums, from one or more retailers during the period January 1, 1995, through December 22, 2000.
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