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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!
Sorry, I need to correct the cost of diamond ring was, $17,500, not $19,600, I found my original copy of claim. So it’s about 1% that I received.
Submitted a claim for a 12k engagement ring and a few other very small diamond purchases…actually it’s been almost 10 years so I forget the actual total but definitely under 13k…I received a settlement check today for $241.00…not life changing money, but certainly worth the few minutes it took to find receipts and fill out paperwork…It’d been so long that I’d about given up hope on getting anything so it was a pleasant surprise…hope this helps those yet to receive payments an idea of about what to expect…the dialogue on this website has been helpful throughout this process so thanks to those who put this together to keep us informed…cheers
Received my check today for $5,000.00 in diamonds that had been purchased and my check was for $50.97. What a joke, like always the CONSUMER gets screwed . So people don’t count on a check to take a vacation on or go shopping.
I really wasn’t hopeful to receive anything and I wouldn’t begin to guess what cosmic formula was used….but the check I received today was for $123.55 on a $5995 purchase. I hope this helps.
I received my check today for $185.83 for claim of $19,600 diamond ring.
Received check today for $708. Submitted $80 k in claims.
Are checks going out or not? I’m a little confused. I received an email from the administrator that checks were supposed to be mailed in February 2013. I have yet to receive anything.
Latest document history from PACER. (if judge signed order on motion to disburse, it was not filed yet…)
2:04-cv-02819-SRC-MAS SULLIVAN et al v. DB INVESTMENTS, INC. et al
Stanley R. Chesler, presiding
M. A. Shipp, referral
Date filed: 06/14/2004
Date terminated: 05/27/2008
Date of last filing: 04/09/2013
History
Doc.
No. Dates Description
Filed: 04/09/2013
Entered: 04/10/2013
Set/Reset Motion and R&R Deadlines/Hearings
447
Filed & Entered: 04/09/2013
Motion for Disbursement of Funds
Who is the /claims administrator?Does he answer to anyone?If so he or she should have been fired along time ago!Thereis no excuse for this going on month after month.
there is 107+ million to be distributed to consumers BUT htere is over 2 billion in claims (cause our attorneys sold out the consumers)) swo you can use the calculations given in teh claim form, then expect 5.35% of that amount. and Rust said in a BBB complaint to expect payments in about 3 weeks after they sent there paperwork to the court, which they did, weeks ago, so it should be soon that IF you get a check, it will be here or you get a letter saying you don’t get a check due to De Minis ( pro rata put your heck at $10 or under) OR you didn’t respond to their letter asking for proof of claim. and No, the CA ( claims administrator has not updated the OFFICIAlL diamondclassaction.com web site yet saying anything