CD Settlement: Are You Walking Away From Free Money?
Millions of dollars are about to handed out as part of a music price-fixing settlement.
Time is running out -- and a lot of people don't even know about it.
Despite nationwide publicity, this one slipped under the radar for a lot of people -- $44 million divided among CD buyers across the country.
You could get up to $20, but the deadline to file a claim is Monday!
Pay attention, because if you bought CDs between January of 1995 and December 2000, this could mean money in your pocket.
The major companies that distribute and sell your favorite compact discs settled a price-fixing lawsuit eight months ago.
The companies deny cheating consumers, but settled rather than wage a costly fight in court.
The bottom line is: They're paying $44 million to CD customers across the country in cash. Yes -- cash.
But you can't get the money from a record store. Here's what you need to know to be a contender:
Did you buy a CD between Jan. 1, 1995 and Dec. 22, 2000? If so, you're eligible. And you don't even need a receipt.
You can only file one claim, and you have to file online (Web site listed below) soon because the filing deadline is Monday, March 3.
That's it. Depending on how many people file claims, you could get as much as $20, and it's free.
The state attorney general's office says checks should be mailed sometime in July, but there's one catch. The A.G.'s office says if more than 8.8 million people file a claim, and the individual shares drop below $5 dollars a piece, then the money will divided among each state for music education programs.
But at this point, the claims are nowhere close.
For More Information:
Fill out the claim form -- www.musiccdsettlement.com
More information on the settlement from the Washington Attorney General's office -- www.wa.gov/ago