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Update: De Beers Diamond Settlement Checks for Consumers Close
By Sarah Pierce
Top Class Actions just received an exclusive update on the De Beers Diamond class action lawsuit settlement, which is still awaiting payouts to the Direct Purchaser Class (consumers). According to our inside source:
“The official update is that we are preparing an affidavit to be filed with the court pertaining to the distribution [of consumer checks], and once the court approves, distributions will be made. We cannot provide a specific time frame for this to occur.”
Indirect Purchasers (dealers) were given the green light to receive their De Beers Diamond settlement checks in August. And according to a September article on JCK Online, they’re “surprisingly happy” with their De Beers class action settlement checks.
Many of the dealers received five or six figures, reports the article. According to one New York City diamond dealer: “I was among those who was asking, ‘Was it worth the effort to file a claim?’ But it was definitely worthwhile. I almost had to take a second look. I thought, ‘It’s got to be a mistake, I should take it to the bank fast and cash it.’”
Many of these dealers will also receive a second check, as the class action lawsuit settlement agreement was to distribute 85 percent of the settlement fund in one wave, and distribute the remaining funds in a second wave. This excludes Class Members where the second amount totals $25 or less.
There’s no telling when the De Beers diamond settlement checks will be mailed to the consumer class, but it may be at least two months since they’re still preparing the affidavit. Once a date is confirmed, we’ll pass it on.
Keep checking Top Class Actions for the latest updates on the De Beers diamond class action lawsuit settlement, or have these updates delivered to your inbox by signing up for our free weekly newsletter.
Updated December 6th, 2012
All class action and lawsuit news updates are listed in the Lawsuit News section of Top Class Actions
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1,230 thoughts onUpdate: DeBeers Diamond Settlement Checks for Consumers Close
I received and deposited my check yesterday. My bank is fairly certain the check will NOT be funded. :(
Adrea,
I have not forgotten you my dear. I have visions of us together in Hawaii, spending our thousands of peso’s from this……but then I wake up.
Sam
Oops. ….. Am I the only one to get a fraudulent check!!
Am I the only one to get a frailest check??? B
Mine came in today. Deposited in my bank and no questions. Mine was $576
Didn’t get check again today in California. Sent email to claims admin. Hope I hear back from them. The agony continues.
Wanted to chime in: I have been reading this forum for a while. A lot of laughs I had. For that I thank you.
That said, I am in Houston TX. I had a 5000 dollar claim for a loose diamond only.
Check was 157.91
(My mom and dad got 1100 and change on a near 30K claim, most of that was loos diamonds)
Good night.
I took my check to the bank for deposit. so far so good. I spoke to someone from the classaction dept. They said everyone’s claim is FINAL. Also, I had a claim of over $50,000 and told them I had all the receipts. They told me they did not need the receipts. I still think I should have received more than $677.42. Whatever it is, it is. Just glad it’s over. One less thing tl think about.
Received my check today at a little over $2300. It has been so long since I filled out the form I am not sure. But I think it was about $50k total (expensive ex). Very pleased to have this.
FRAUDULEnT!!!!!! Got about 550 today from $40,000 in jewelry…..half hour after bringing it to bank they called me and said it was fraudulent….. That there were a lot of those.
Anyone else get a bad check???? Is there a number to call?????