Checks from a settlement in a music c-d price-fixing scheme will soon be on their way to thousands of Iowans. The settlement required consumers who’d purchased a c-d to make a claim last March. Bob Brammer, A spokesman for Iowa’s Attorney General, says the amount of settlement check is based on the number of claims filed. He says the numbers show the checks will be 13-dollars and 86 cents each, as nearly 114-thousand Iowans made claims for a total paid to Iowans of over one-point-five million dollars. Brammer says Iowans were quick to take advantage of the settlement. He says Iowa has about three-percent of the claims, even though we have only about one-percent of the nation’s population. He says the only other states to get more in compensation were the big population states like California and Illinois. Brammer says the settlements were the result of the nationwide lawsuit against music companies and music stores which he says tried to prevent discount prices on c-d’s.He says they tried to prevent the discount sales of c-d’s to keep the prices artificially high. The settlement let anyone who’s bought a C.D. ask for a refund. He says this is just one way to make the situation right. He says someone who bought a lot of c-d’s won’t get completely compensated, but he says it is one way to remedy the antitrust problem. He says 50-million dollars is being paid nationwide. Brammer says the checks should start going out tomorrow (Friday), and most people who signed up should have them in a few days or weeks.
You are here: / / C-D settlement checks on the way