Did you receive a notice from CBS, Cox, Fox ad price-fixing settlement? Did you receive a mail about a class action that Judge gives initial OK to $48M CBS, Cox, Fox ad price-fixing settlement? This review will help you partake in the class action settlement after confirming the authenticity of the mail.
What Is Class action that claims Judge gives initial OK to $48M CBS, Cox, Fox ad price-fixing Settlement?
CBS, Cox and Fox have agreed to pay a combined $48 million as part of a settlement to resolve claims the television networks took part in a scheme with other major U.S. broadcasters to artificially inflate the cost of TV advertising.
CBS, Fox and Cox will pay $5 million, $6 million and $37 million, respectively.
What Is This Class Action All About?
Multidistrict litigation of the alleged price-fixing scheme dates back to 2018, at which time several complaints against major U.S. broadcasters accused them of working together to inflate advertising prices and sharing sensitive information.
The settlement will benefit a group of advertising buyers, who filed a motion last week seeking approval of agreements with CBS, Cox and Fox that were reached in principle in 2021 and 2022.
CBS, Fox and Cox will pay $5 million, $6 million and $37 million, respectively, and have agreed to cooperate with the advertising buyers in ongoing litigation.
“These amounts represent a significant relief for the Settlement Classes,” the motion states.
The advertising buyers also settled with a sales tracking company, ShareBuilders Inc., that had claims against it dismissed last year. The company has agreed to cooperate with the buyers, per the settlement.
“Plaintiffs respectfully submit that the four settlements, which were negotiated by experienced and informed counsel, are fair, reasonable, and adequate and in the best interests of the proposed settlement classes,” the motion states.
Who Is Eligible?
The settlement benefits all consumers in the United States who purchased television advertising from at least one broadcaster in a designated market area that had two or more of the defendants from January 2014 to December 2018.
How To Be Part of This Settlement
For class member to partake in this settlement, class members must submit a valid claim on the settlement website.
What Is The Pay For This Settlement?
The pay for this settlement varies and the proof of purchase is not necessary.
Conclusion
As you submit your claim to the settlement website, just like the Roundup class action settlement we have reviewed, you’re doing so under penalty of perjury. You are also harming other eligible Class Members by submitting a fraudulent claim.
