Tuesday, December 6, 2011
Class Action Lawsuit Settlements
Another class action settlement landed in my inbox today. Ticketmaster has settled a lawsuit and it will give $1.50 credits toward future purchases of tickets. Now, really, who benefits from this? I'll tell you who? The Law Firm will receive $15 Million in this shake down while Ticketmaster gives out theses coupons which may end up making more money in the long run if more customers decide to buy tickets through Ticketmaster. A Buck-Fifty! Come On! On paper, Ticketmaster will be out $45 Million in coupons or mandatory charitable contributions plus $15 Million to the Law Firm.
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Last Tuesday, two checks for $18.04 each were delivered to our home. Why? Apparently my wife and I signed up for a class action settlement regarding excessive foreign transaction fees for credit cards used abroad from 1996 to 2006. The deadline was way back in June 2008, so this money was unexpected. Apparently, 10 Million people filed for this money! I wouldn't have thought that 10 Million people had traveled abroad, but I guess I am wrong!
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