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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
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202 thoughts onUpdate: De Beers Diamond Settlement Checks On the Way!
RE”#138 diane madison 2013-04-20 16:46
i want to on went is my check come you in jan in”
WHAT???? my seeing-device fell out and this makes no sense…
Ruby, this is only a comment board and one of many on the subjuct (and otheres). Learn to use the search engine… you will find http://topclassactions.com/lawsuit-settlements/lawsuit-news/3074-update-debeers-diamond-settlement-checks-for-consumers-close which has LOS more info, or man up and do the research and contact teh CA yourself, like many of us do to help others. I got some cheese for your wine…
i want to on went is my check come you in jan in
Check this out; sounds like they have to start recalculating everything to me. Another 5 years? This website is a waste. I found this actual “update” elsewhere. This website hasn’t been updated for a year with anything other than those of us giving input.
Wednesday, 10 April 2013 15:30
De Beers Diamond Settlement Update: Distribution of Consumer Payments Approved
By Mike Holter
A New Jersey federal judge has authorized distribution of the $295 million De Beers class action settlement to consumers who filed valid claims, according to court documents filed yesterday.In his April 9 order, U.S. District Judge Stanley R. Chesler said all claims filed by Consumer Subclass Members after the claims filing deadline of May 19, 2008, but on or before March 1, 2013, will be accepted and eligible for payment, provided their claims are approved.
Judge Chesler also approved the administrative recommendations of the claims administrator, Rust Consulting, concerning the rejection of deficient and ineligible claims, finding Rust offered claimants “reasonable notice of claim deficiencies and an opportunity to cure them.”The current net balance of the De Beers Consumer Subclass Settlement Fund is just under $107.9 million, after Judge Chesler’s approved payments to the settlement administrator.Chesler also approved Rust’s recommendation to reserve from the De Beers Consumer Settlement Fund the sum of $18,075 for “future unanticipated contingencies, including for payment claimants who come forward and provide good cause as to why their previously rejected claim should be paid.”The De Beers Diamond Class Action Lawsuit Settlement case is Shawn Sullivan, et al. v. DB Investments Inc., Case No. 04-cv-2819 (SRC), U.S. District Court, New Jersey.
i called on april 12, he told me that the checks would be coming out in a few months. i couldn’t pin him down but he intimated that it could take as long as a year.
Just figured my taxes. Ugh. Sure could use this settlement money.
Ever notice that us consumers are always left on the short-end of the stick when it comes to money? How long would Uncle Sam wait for our taxes? When you have a credit at a store, utility, or credit card company, it always takes, “one to two billing cycles” for reimbursement, but you get hit with late fees and interest if you don’t pay them within ten business days of the billing.. One major question: if you owed these attorneys money for their service, how many years would they wait before turning it into a lawsuit?
I have no heirs. When I die, I plan to die broke, with my credit cards maxed out, owing an attorney, and my check to the IRS bouncing.
think of all the money that might be left over from people that have moved and or died or moved over seas gone to jail or what ever
I need this money right now. Was told yesterday I will not have my job after May 31,
Lasts Dec 2012 I asked the CA when payments to the consumer class would go out and the CA replied in the new few months. This latest March 2013 update says payments to the Reseller Subclass Net Settlement Fund were just sent and that payments to other subclasses would go out in the next few months. So I guess the CA lied to me in Dec 2012 because Consumer payments should have gone out this last round. How many more times are Consumers going to be bypassed for other sub classes?
It’s time for me to revise my will. Do I bequeath my share to someone, or is there a beneficiary form? I figure I’ve only got another 25 years, max.
(tongue in cheek, of course)