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De Beers Diamond Class Action Lawsuit Settlement Update
By Kimberly Mirando
We reported in December 2011 that a settlement in the De Beers diamond class action lawsuit had been approved, but it appears claimants may have to wait even longer as the challenges and appeals that have plagued the case for years continue to play out.
The De Beers diamond settlement is a huge class action lawsuit that will pay out hundreds of millions of dollars to consumers who purchased loose diamonds or jewelry and jewelry store owners who were affected by an alleged DeBeers monopoly, and who filed claims May 19, 2008. (You can read more about the De Beers diamond class action lawsuit settlement here.)
The Supreme Court’s denial of the first petition means that the previous decision by the Third Circuit Court of Appeals to deny the Class Members’ objections to the De Beers diamond settlement will be reinstated.
No information was given on when the Supreme Court will rule on the second appeal, but payment of claims will likely be delayed until the Court acts on the second, and final (as far as we know,) appeal.
Updated May 24th, 2012
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78 thoughts onDe Beers Diamond Class Action Lawsuit Settlement Update
I would assume because more than one check has gone out and not just one check.. I’m serious, I’m not sure about anyone else but I thought it was junk mail at first. It sat on the counter a few days before I went through everything. I had one for myself and one for my spouse. Mine was approx $39 and his was $64
King James and Angela, If you guys are serious; not playing games…… Which I think you are…why do the claim’s contact representatives report “not one check has been issued tod ate.”
Got my check also a couple weeks ago angela. Your correct, nothing but chump change.
Not sure about you guys but I received my check last month. It wasn’t worth the long wait but I’m just glad it’s over.
The DeBeers lawsuit was a main topic on all the class action websites and blogs and now no new updates. I think, indicates that no new certs were filed by the May 3rd deadline and it has finally been settled. Surely there has been plenty of time to fully investigate and determine each claim. Makes me curious …who/what is the hold up now?
Well Joe to your comment so unless your are one of the attorneys from this case then your not getting Jack Sh*T either lol
You guys aren’t going to get Jack Sh*t. The only individuals going to make out good here are the attorneys. They will get hundreds of millions and you guys wil get a check for $12.
Trust me on this one, I am an attorney and KNOW.
This is what I was told too, so someone saying they received a check , I’d love to see a photo of it from the settlement lol
I called the 800 number and she said no claims have been paid out yet. She said they don’t have a timeframe for when this will happen. It is still held up in court.
I called the 800-572-3624 and they said they would have a rep call me back, when I hear something from them , then I’ll know its the truth