Millions of CD buyers owed money
Source: CNN
A judge has approved a settlement agreement in a music antitrust lawsuit that will result in more than 3.5 million consumers receiving nearly $13 each.
Judge D. Brock Hornby issued a 51-page ruling Friday in the case that began in 1996 when attorneys general across the country began investigating whether distributors and retailers had conspired to inflate CD prices.
"This settlement will put cash in the hands of millions of consumers and music CDs in libraries and schools throughout the country, and will ensure that the challenged distributor/retailer practices will not resume," Hornby wrote.
