This entry was posted on Thursday, January 9th, 2003 at 4:16 am and is filed under Uncategorized.
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Music CD Settlement
In September, the five top U.S. distributors of compact discs and three large music retailers agreed to pay $143 million in cash and CDs to settle allegations they cheated consumers by fixing prices. Part of the settlement, about $44 million in cash, is earmarked to pay customers who bought CDs between 1995 and 2000 cash: from $5 to $20, depending on how many people wind up dividing the money. But by the end of December, only about 30,000 people nationwide had applied for a piece of the pie at the settlement's website.
