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Update: De Beers Diamond Settlement Checks On the Way!
By Kimberly Mirando
We reported last month that the U.S. Supreme Court received a second petition for judicial review by a member of the Indirect Purchaser Class, which could have delayed the payment of claims for an undefined period of time.
Luckily, the Supreme Court did not take long making its decision, and it looks like Class Members will finally get paid after years of delays caused by challenges and appeals.
We’ll keep you notified as soon as we learn when Class Members can expect their settlement checks to arrive from the De Beers diamond class action lawsuit settlement.
A special thanks to Top Class Actions reader “Nico,” who alerted us to the update to the Settlement Administrator’s website, DiamondsClassAction.com.
Updated June 7th, 2013
All class action and lawsuit news updates are listed in the Lawsuit News section of Top Class Actions
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202 thoughts onUpdate: De Beers Diamond Settlement Checks On the Way!
I wonder if Angela, who commented that she already got her check, will share with us the amount she got in relation to the amount she filed for, One percent? Two percent? We are all curious. Please and thanks, Angela.
Now a lawsuit for delays for interest and additional expense paid to claimants.
Now there’s the money.
Why are those who had a frivilous lawsuit who tied up the moneis not get sued for interest and additional expenses.
Now there’s the money. Debeers would be smiling as they pay the settlement.
I don’t know about everybody else but I said a couple weeks ago that I already have my money. Wasn’t much to talk about but was happy to have it over.
By the way, kudos to this web site for finding this out. If you go to the official web site “diamondsclassaction.com” they have not even updated this info in a week, as of today!
It kills me about the public whining about the diamonds they bought and not really knowing about the case, including that they could file something. What did you think you are going to get on a typical 7k purchase.? You would be lucky to get 70 bucks in a case like this. The retailers who spent 100’s and 100’s of thousands, over the decade that this covers, have waited almost a half a decade for their money.. when many could have used it to save their small businesses before they went under in this last recession, which hit the jewelers earlier and harder than almost anyone. Thousands and thousands of jobs in the jewelry industry are lost and will never come back.
What?
I was never informed about this Class Action Lawsuit, and I paid about $2500 for my former wife’s ring set!.
It is a crying shame that so many people who were affected by this DeBeers scam will not get any money. By the time it becomes fully known, the filing date has passed. Secondly, even if you did file, read the fine print in the lawsuit. Persons who were able to get $10 back will be denied because of the overpriced admin fees. This is what I call a Double Scam. Everyone makes money except the persons injured. So much for justice on this one.
Finally. Maybe I can get back the $11k I spent on a ring given to a woman I am no longer married to!
Does anyone know how many claims were received from each class?