What is dollars for disk drives settlement?
The claims period for the $205 million class action settlement in the Optical Disk Drive Antitrust litigation is now closed. The district court overseeing this litigation has approved all the settlements as fair and reasonable, and has approved the payment of attorneys' fees.
How is money distributed in a class action lawsuit?
How Is a Class Action Lawsuit Paid Out? If your class action lawsuit is successful, you will receive a portion of the settlement or court award. Plaintiffs are paid by a lump-sum payment or a structured settlement. Smaller payouts are usually dispersed as a single payment.
What is an antitrust class action lawsuit?
Antitrust lawsuits are a type of class-action lawsuit which is filed by individuals, organizations or agencies for claims of anticompetitive business practices which led to unfair competition, price fixing or other types of fraud.
How much money do people usually get from a class action lawsuit?
A class action usually ends in a settlement as opposed to going to trial. Settlements in recent years have averaged $56.5 million.
What happens to money left over from a class action lawsuit?
Sometimes, leftover money might be distributed among class members or donated as a cy-pres award. In simplest terms, the cy-pres doctrine means a court will order the funds to be redistributed to a charity or another organization that aligns with the issue at hand with the class action lawsuit.
Who can bring an antitrust suit?
Private parties can also bring suits to enforce the antitrust laws. In fact, most antitrust suits are brought by businesses and individuals seeking damages for violations of the Sherman or Clayton Act.
What is antitrust case?
Definitions of antitrust case. a legal action brought against parties who are charged with limiting free competition in the market place. type of: action, action at law, legal action.
What are the characteristics of a class action lawsuit?
How Class Action Lawsuits Work. A group or class of plaintiffs is represented by one or more "lead" plaintiffs. The injuries suffered and the allegations alleged by the lead plaintiffs must be similar to those of the other class members. The class must be certified by a judge before the class action lawsuit can proceed ...
How much settlement will I get from Robodebt?
Just over 75,000 members will receive between $250 and $500, while almost 80,000 members will be paid between $2,500 and $5,000. About 275 members will fall into the top payout category, receiving an amount between $20,000 and $25,000.
Will I get a 1099 for a class action lawsuit settlement?
You won't receive a 1099 for a legal settlement that represents tax-free proceeds, such as for physical injury. A few exceptions apply for taxed settlements as well. If your settlement included back wages from a W-2 job, you wouldn't get a 1099-MISC for that portion.
Is money from a class action lawsuit taxable?
Oftentimes, the nature of a class action suit determines if the lawsuit settlement can be taxable. Lawsuit settlement proceeds are taxable in situations where the lawsuit is not involved with physical harm, discrimination of any kind, loss of income, or devaluation of an investment.
What are the risks of joining a class action lawsuit?
Below are some of the most serious disadvantages of a class action lawsuit.Limited Compensation. In a typical class action lawsuit, the members of the class share the settlement or award equally. ... Limited Involvement. ... Slow Progress. ... No Individual Claim. ... Lack Of Non-Monetary Compensation.
About DRAM Antitrust Litigation
Plaintiffs who purchased a DRAM module between 1998 and 2002 may be eligible to receive a portion of a $310 million settlement. DRAM, also known as Dynamic Random Access Memory, is a component of many different computerized devices, such as desktop computers, digital cameras, DVD players, and MP3 players.
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What are class actions against RAM?
In the Class Actions, plaintiffs allege that defendants unlawfully agreed to fix, raise, maintain and stabilize the prices of DRAM and/or to allocate among themselves major customers and accounts in violation of the federal antitrust laws during the period of April 1, 1999 through June 30, 2002. Plaintiffs allege that, as a result of defendants' unlawful conduct, they and members of the Class paid more for DRAM than they would have in the absence of defendants' wrongful conduct. Defendants deny plaintiffs' allegations and have asserted numerous affirmative defenses. On June 5, 2006, the Court certified the Class described above.
When was the San Francisco settlement hearing?
On November 1, 2006, April 18, 2007 and August 1, 2007, hearings were held in San Francisco, California. The Court determined that each of the proposed settlements were fair, adequate and reasonable to the Class, approved each settlement and dismissed the litigation with prejudice against the Settling Defendants. THERE ARE NO NON-SETTLING DEFENDANTS LEFT IN THIS LITIGATION.