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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!
After reading the latest comments, I wasn’t surprised when I opened the envelop to find a small check. $219.09 on a $10,000 diamond ring and a $2,500 diamond bracelet (are those out of style in this day and time?). Oh well, its better than nothing.
Does anyone know of a site where you can enter your claim number to see if you got a check? I’ve moved several times since I filed…
Seems to me that their calculations for the refunds was way off! I’m seeing people post the same or lower amount as I did and getting a high.er refund than I did. How does that work?! I smell a rat
I filled out the claim form years ago and just forgot about it. $6000 for my engagement ring and band and I recieved a check for $68.05. Has anyone had problems with this check clearing?
If Sullivan, et. al. have any sense of responsibility to those they represent, there needs to be a full disclosure of the apparent discrepancies in the accounting of claims payment from this settlement.
The Consumer Claim Form, which was required to be complete and postmarked on or before May 19, 2008, states in Part II – Computation of Your Claim (p.2), “if your claim is for one engagement ring that cost $2,000, your Recognized Claim Amount is $640.” That is, at least, misleading. Who is directly accountable for this unethical bad-practice?
Out of town for 2 wks. Will pick up mail tomorrow. Hope there is a ck. in it. If not, life goes on. I guess y’all want me to post the surprise that I may get.
$5000 claim…just received a $171.94 check. Have not tried to cash it yet. I have read through all these posts and conclude that there was no equation or chart used to decide how much they would return. Some have claimed more and received less and vice verse.
To Laura #170, I also received a check and deposited to my account. The bank put a fraud alert on the check as it appears their account has been frozen and does not allow the pay out of the checks they submitted…? So ,same experience as yours….
What a ripoff!!! I purchased loose diamonds worth $8,800. According to the chart I should have received 59% of that or about $5,200. I got my settlement check yesterday for $280. Time for another lawsuit!