Reply With Quote
Yeah I got the email and didn't know whether it was spam or not.
If you are a current or former Netflix subscriber, be on the lookout for an email that says you could receive compensation from a class action suit. This is one email that's not a scam.
The compensation is coming from Walmart. But it's not a lot of compensation. According to some estimates the average Netflix subscriber will get about $1.
The suit, which gained class status last January, claims Netflix and Walmart conspired to monopolize the DVD rental market. The suit, filed in 2009, claims Netflix and Walmart entered into an “unlawful market allocation agreement” in 2005, designed to neutralize Blockbuster's entry into the online DVD rental market the previous year.
The catalyst was Walmart's decision in 2005 to get out of the DVD-rental-by-mail business and refer customers to Netflix.
According to the plaintiffs, the agreement provided that Walmart would stop offering rental DVDs online, and Netflix would stop selling them. This arrangement was intended to reduce downward pricing pressure in the marketplace, prosecutors charged.
An expensive dinner
The scheme allegedly began in January 2005, when the companies' respective CEOs met for dinner to ponder ways to reduce compe ion in the online DVD market. Walmart has agreed to a $40 million settlement, which still must win approval from the courts, which will rule by March 2012.
After attorney's fees, consumers stand to share just $19 million. Consumers are free to opt out of the settlement, but must notify the court of their intentions by February 14, 2012. The number of consumers in the settlement will determine the amount each person receives.
Netflix, meanwhile, says it will not settle and contends it did nothing wrong.
http://www.consumeraffairs.com/news0...tion-suit.html
Yeah I got the email and didn't know whether it was spam or not.
Also got the email. Are we getting Walmart giftcards?
It's a lawsuit that amounts to coupon distribution for Walmart, and a bunch of email addresses for their database.
And a nice sum for the lawyers, as usual. Everybody wins!
You get , the lawyers get millions, your typical 'class-action' lawsuit.
No, only the lawyers win, unless you consider the pittlyass amount individuals get, a win. Sorry, not worth my time to do jack.
Just checked my email, and have nothing. I use both Walmart to order DVD's I don't find locally, and Netfix.
I don't see what the big deal is. Really now. So many of the Nertfix movies get broken in the mail, do they have that many to sell when the movie is no longer popular? Walmart still offers movies on demand.
$40M is peanuts to Walmart to get rid of a nuisance. Netflix isn't settling, and I'll bet on them winning.
There are currently 1 users browsing this thread. (0 members and 1 guests)
Posting Permissions
