From: owner-basia-digest@smoe.org (basia-digest) To: basia-digest@smoe.org Subject: basia-digest V8 #8 Reply-To: basia@smoe.org Sender: owner-basia-digest@smoe.org Errors-To: owner-basia-digest@smoe.org Precedence: bulk X-To-Unsubscribe: Send mail to "basia-digest-request@smoe.org" X-To-Unsubscribe: with "unsubscribe" as the body. basia-digest Saturday, January 25 2003 Volume 08 : Number 008 Today's Subjects: ----------------- CD Settlement [Lipman_Larry ] Re: CD Settlement ["Dennis J. Majewicz" ] ---------------------------------------------------------------------- Date: Fri, 24 Jan 2003 09:56:51 -0600 From: Lipman_Larry Subject: CD Settlement Someone sent me an email advising if more than 5 million (I believe) file, then no money would be awarded to consumers. I haven't looked at the site, verified the suit, or researched to confirm the 5 million issue. LL ------------------------------ Date: Fri, 24 Jan 2003 11:19:22 -0500 From: "Dennis J. Majewicz" Subject: Re: CD Settlement Hi Larry, I'm not sure what the cut-off is for number of plaintiffs, but the site says that the minimum amount that will be awarded is $ 5.00. If there are too many applicants, and the amount goes less than $5 each, then nothing will be distributed. What bothers me is: what happens to the award at that point? Does it go back to the record companies, or to the government? What about the consumers who were supposedly taken advantage of? The suit was brought because the list of companies ridiculously overcharged for their product. The actual blank CD of course is worth next to nothing, and they aren't compensating the artists properly, so the bulk of the profit goes into the companies' pockets. AND, I haven't seen CD prices drop, either. So, they are found guilty of overcharging the consumers, potentially won't compensate them, and haven't changed their pricing. What was the point of the suit? Oh, I forgot - the lawyers will make money whichever way this shakes out. Thank goodness the legal system still works in this country :-( Dennis - ----- Original Message ----- From: "Lipman_Larry" To: Sent: Friday, January 24, 2003 10:56 AM Subject: CD Settlement > > Someone sent me an email advising if more than 5 million (I believe) > file, then no money would be awarded to consumers. I haven't looked at > the site, verified the suit, or researched to confirm the 5 million > issue. > LL ------------------------------ End of basia-digest V8 #8 *************************