Settlement FAQs

is the optical disk drive settlement legitimate

by Dr. Rusty Maggio II Published 2 years ago Updated 2 years ago
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Yes, the case seems legit So the bottom line is that yes, this appears to be a legitimate case. Whether you received a legit email, or one from a scammer who is capitalizing on the real deal, is another issue.

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.

Full Answer

What is the purpose of optical disk drive?

  • Optical drives let your computer read and interact with discs like CDs, DVDs, and Blu-rays.
  • While nearly every computer had them a few years ago, they're rare to see on new computers now.
  • If you need an optical drive but your computer doesn't have one, you can buy an external optical drive.
  • Visit Insider's Tech Reference library for more stories.

Are optical disk drives non removable media?

Some forms of removable media, such as optical discs, require a reader to be installed in the computer, while others, such as USB flash drives, have all the hardware required to read them built into the device, so only need a driver to be installed in order to communicate with the device.

Are optical drives necessary?

Therefore, it is necessary to purchase an external optical drive. An optical drive lets you play CDs, DVDs, Blu-Rays, and many other formats. After this short description now I will provide you a list of best optical drives of 2020. After seeing your budget I selected these few optical drives for your use. 1.

Is a hard disk drive rewritable?

hard disk or HDD is a disk unit with one or more platters mounted on a fixed shaft. Data is read or written by movable arms with one R/W head per platter surface. The disks are mounted within a drive mechanism and are not removable. The surfaces can be read/written many times.

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What is optical disk drive settlement?

The Optical Disk Drive (ODD) Settlement is a result of complaints alleging that the Defendants participated in an unlawful conspiracy to fix, raise, maintain, or stabilize prices of ODDs, at artificially high levels in violation of section 1 of the Sherman Act and various state laws. Additional Defendants may settle.

What is a class action settlement notice?

The class action notice outlines the original plaintiff's claims against the defendant and the terms of the proposed settlement. California's federal courts have suggested language that attorneys should use when sending out these notices.

Should you participate in a class action lawsuit?

Joining a class action can be good if you don't have time to fight a case, but You can count on a significantly reduced settlement after a much longer period of time. We're sure you've heard people talking about how much a class action lawsuit is needed for a particular legal problem.

Why did I receive a class action settlement?

If you received a class action notice in the mail, this simply means that your legal rights may be affected by a lawsuit that was recently filed or settled. Notices are sent to people whose rights could be affected by a class action.

What happens if I do nothing in a class action lawsuit?

If you do nothing, you will become a Class Member bound by the terms of the Settlement Agreement and Final Judgment, thus forfeiting your right to sue on your own regarding any claims that are part of the settlement.

What is a settlement notice?

Notice of Settlement means the notice to the members of the Settlement Class of: (a) this Agreement; (b) the request for Class Fees and Expenses; and (c) the Settlement Fairness Hearing.

Are class action settlements taxable?

The general rule of taxability for amounts received from settlement of lawsuits and other legal remedies is Internal Revenue Code (IRC) Section 61 that states all income is taxable from whatever source derived, unless exempted by another section of the code.

How long does it take to get money from a class action settlement?

The answer is typically between one and six weeks after your attorney reaches a settlement or the judge hearing your case awards you monetary damages.

Other Info

You have until July 1st, 2017 to make a claim or exclude yourself from this class action.

Our Verdict

I imagine most readers will have purchased a device with a optical disk drive within this time period, so you might as well file a claim unless you plan on suing individually. You can view more class action settlements we’ve covered here & our introduction to these settlements here.

How many optical drives were shipped in 2003?

That could leave roughly enough money to compensate the owners of some 9.3 million optical drives, but that's not necessarily a lot. The PC industry shipped some 57 million computers into the US in 2003 alone, according to research firm Gartner.

When did you get $10 for a DVD?

What does this all mean for you? If you bought a computer with a DVD drive (or a standalone DVD drive for a computer, including external ones) between April 1, 2003 and December 31, 2008, you're eligible to receive $10 for each drive you purchased as a result of the settlement. You must submit your claim here or by mail before July 1, 2017.

Do you need proof of ownership of a 2003 computer?

Strangely, the settlement administrations don't seem to require any kind of proof that you actually owned the drives, which might be good if the computers you used in 2003 are long gone.

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