State AGs Rejoice Over CD Refund Publicity Opportunity
from the go-buy-half-a-CD dept
It's been well over a year since the recording industry had to collect names to refund consumers for their CD price-fixing ways. Despite a number of delays, it appears that the money is finally on its way. For all that price fixing, consumers will get a grand total of $13.86, not even the price of a regular CD these days. Interestingly, it appears that every state attorney general came out with their own press release about this, so you can read about how people in Washington, California, Arkansas, Illinois, Ohio, Maryland, Iowa, Tennessee, North Carolina, Idaho and plenty of other states are going to be receiving their $13.86. Hmmm. Think this is a political issue that state politicians want to take credit for? Meanwhile, no one is pointing out that the recording industry used their price fixing schemes to bring in a hell of a lot more than the $67 million they're paying out.
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The Real WInners
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Meanwhile....
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Wow, I feel vindicated...
And, by the way, shouldn't this suit have resulted in lower prices? Naaah, that would make sense.
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No Subject Given
1) Overcharge and/or rip off your customers
2) Rake in billions because of #1
3) get caught, act contrite, strike a deal and pay back a "slap on the wrist" of 64 million bucks
4) PROFIT!
Yeah...I'm really thrilled about our politicians and our justice system. Its about the same as charging a serial rapist a 50$ fine.
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Class Action Suits
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