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Class action settlement notices regarding Netflix and Wal-Mart’s Online DVD Renal Antitrust Litigation have started to arrive, detailing how consumers can file a claim to receive a share of Wal-Mart’s proposed $27.25 million class action settlement of the case.
The proposed settlement will resolve Wal-Mart’s portion of the 2009 antitrust class action lawsuit, which accuses Netflix and Wal-Mart of making a pact in 2005 to illegally split the DVD market into rental and retail spaces to reduce competition. The pact was culminated on May 19, 2005 when the companies announced Wal-Mart.com would stop renting DVDs online and Netflix would not offer them for resale. The agreement was made after Blockbuster began offering DVD rentals online, and is believed to have been established to push Blockbuster out of the market. The result, however, is that Netflix customers paid higher subscription prices because of the alleged pact.
Wal-Mart denied any such pact was made, but agreed in January 2011 to settle its portion of the online DVD monopoly class action lawsuit. Netflix also denies the pact, and is still fighting the accusations. If Netflix reaches a settlement, even more money may become available for Class Members.
Class Members of the Wal-Mart online DVD class action settlement include any person or entity living in the United States or Puerto Rico that paid a subscription fee to rent DVDs online from Netflix any time from May 19, 2005 to September 2, 2011.
Class Members of the Wal-Mart online DVD settlement can choose to receive either a cash payment or gift card from the class action settlement if they submit a claim form by February 14, 2012. The amount of these individual awards will be based on how many people file claims for the $27.25 million settlement. Benefits will be distributed to Class Members after the Court grants “final approval” of the settlement at the March 14, 2012 Final Approval Hearing.
Class Members of the Netflix Litigation Class (those who paid a subscription fee to Netflix any time from May 19, 2005 to September 30, 2010) do not need to take any action at this time. If there is a recovery from Netflix, you will receive further instructions at that time. You may be included in both the Netflix Litigation Class and the Wal-Mart Settlement Class.
UPDATE: A federal judge has dismissed the class action lawsuit against Netflix.
Claim forms and more information on your rights in the Wal-Mart/Netflix Online DVD Class Action Lawsuit Settlement can be found at www.OnlineDVDClass.com.
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10 thoughts onWal-Mart/Netflix Online DVD Class Action Settlement
So much paranoia, nobody can pull money out of your account without your consent. If a scammer happens to do so then by federal law your bank must repay every penny.
I got a \check\ (I’ve never seen one like this one) in the mail as well, for the same amount as the others, $12.32. Has anyone gotten scammed after depositing this check? I got apprehensive of actually depositing it after Gale (above) mentioned that \If the check is bogus the scam artists can pull the $12.32 from your account once processed.\ The check I got is addressed to my first *and* last name, though.
I also received a check for $12.32 and never filled out any forms. The Netflix suit has been dismissed without restitution to anyone, leaving only the Walmart settlement of $27 million to be distributed. Why am I receiving this money when I did not make a claim? Are Scam opportunists infiltrating the distribution process and issuing bogus checks? The check was also addressed to my first name only. If the check is bogus the scam artists can pull the $12.32 from your account once processed.create
Received a check $12.32 today.
I would like to know how much do each person get from the settlement and can they do direct deposit?
I sent my claim form in over a year ago in reference to the walmart settlement dvd, and have not heard anyhthing.I also have been with netflix over a year and have not heard anything about this settlement either, both are trying to not pay a lot of people they owe or class members.
Greed has always been a path to destruction.
Netflix seems to not have cared who they tango with the to be merry or jolly Trials are about money not that funny?
I’m glad that i will be part of this On line DVD class action. I stay at home a lot & really enjoy both of my Netflix DVD & streaming of movies. As a Christian I will not watch SEX, Blood, & BAD language.
I feel that it was not right what Netflix did to so many people in hard times.
This is surprising and certainly makes Netflix look worse than it did before. This is why I am glad that DISH Network released the Blockbuster Movie Pass to their subscribers. Not only do I get more entertainment choices like Blu-ray’s and video games at no extra cost to my monthly subscription to the pass, but also new releases come out 28 days before Netflix has them. Being that I work for DISH, I know that I do not have to worry about them undermining me the way Netflix did to their customers.