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A settlement has been reached in a class action lawsuit with many Lithium-Ion manufacturers. The lawsuit revolved around the sale of cylindrical lithium ion batteries and alleged that the manufacturers fixed the price of the battery cells. A final settlement has been reached with the manufacturers, and you could be eligible to receive part of the $44.95 million settlement.
Who Can Receive Compensation?
The criteria are wide-ranging — to be eligible for a share you must:
- Have been a United States resident from January 1, 2000, to May 31, 2011
In addition to the residency rule you must have purchased for use by yourself or your business (not for resale) one of the following products:
- Notebooks, laptop PCs, and netbooks
- Smartphones, tablets, mobile phones, cameras, and digital audio player
- Camcorders
- Cordless power tools
- Replacement batteries for any of the above
How To Make A Claim?
Making a claim is simple and can be done online. To be valid, claims must meet the following criteria:
- Claims must be made online by 23:59 PT, November 29, 2017
- Mailed claim forms must be postmarked by November 29, 2017, to be valid
- Proof of purchase is not required
For those of you who want to reserve your rights to sue the defendants independently, you must exclude yourself from the claim. This must be done in writing by August 11, 2017. Currently, there is no specific payment date, although it is expected to be somewhere in Q1 of 2018. The amount of compensation you will receive depends on the total number of claims and how many claims each claimant makes.
Overall
If you're reading this in the US, you're likely to be eligible for this claim, since the probability that you bought one of the covered items in a ten-year period is high. While it is excellent to see companies penalized for price fixing, it is nevertheless a small amount to be distributed to all claimants. With no proof of purchase necessary with this settlement, we wouldn't expect to receive much.
Source: Doctor of Credit
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Thanks for the post, hadn’t heard about this at all. I don’t expect but a few dollars from a claim … they lawyers already took most of the settlement!?#
Yea the payout on this is probably going to be minimal. Congrats lawyers.
Well dang, now I wish I had an exploding phone.
say what?
Thanks for the info. We’ll probably get less than the cost of postage to file a claim. Guess that I will do it anyway though.
Thanks for the article . Pity you have to be a resident of the USA to be eligible.
More precisely, you had to be a resident of the United States from January 1, 2000 to May 31, 2011.
Huh? It’s a U.S. lawsuit. Feel free to bring a class action suit in your country.
Thank you. Some back is better than none. Unfortunately, as usual the class action attorneys will get the bulk of it.
Site crashed. Don’t expect to get rich.
Wow! Hopefully it’ll be back.
Wow, Thanks OP
I’m eligible, just wondering how much I will end up actually getting
Thanks for sharing! BTW – I find it funny that the office of one of the attorneys listed has an address on Battery Street in San Francisco.
hehe 🙂
I’ll have to check this out. I recently received about 7 dollars from a similar suit against cellphone companies. Not enough to take a vacation, but it would buy a drink on my next vacation. Thanks for the link.
I think I got $11 on my last class action. Kinda silly, but I won’t turn down free money either.
I can put those 12 cents toward my next trip!
thanks or posting – hopefully will get a few $$
I am guessing the payout will be less than $10, not worth the trouble to file a claim.
yup. exactly thanks for posting the link to make it easy. Going to get my $0.12 for this.
Thanks! That was quick and simple to fill out.
Thanks for the article. I hadn’t heard about this until reading about it here this morning. Who didn’t purchase something in those categories between 01/01/2000 and 05/31/2011? Once the word gets out, I would expect the payout to be tiny.
There are surely a lot of people impacted by this, and while only a fraction will hear about this, it’s still going to be pennies on the dollar as usual. But, hey, I was impacted so I’ll certainly appreciate being repaid any bit of that loss that occurred, so thanks for pointing that out.
Given the vast number of products with lithium batteries that I have purchase I calculate that they owe me about $44.95 million dollars give or take a few cents
LOL
Can’t quite understand why one needs to be US resident during 11 years to claim, despite the fact that one might have bought one or more of these products in the U.S. during that time frame…
Unfortunately not! But expect I’m only missing out on a few bucks