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Inspired Wordsmith
A_Wilson
Posts: 246
Registered: ‎07-22-2011
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Re: Agency model refunds? Civil trial proposed settlement

Quick question. What if I never recieved the e-mail?  I checked my spam just in case, but it has been cleaned out and only has e-mails from the last 10 days.  I've been buying e-books since 2010, and I'm sure at least a couple of the several hundred I have meet the requirements for a small settlement.  Should I be worried that I didn't really look at acting until now? (I guess it is the ID part of the e-mail that surprised me, and has me wondering).  I was just operating under the assumption that it would magically appear as a credit in my B&N account, but with the statement that it would have to be activated, now I'm a little concerned if I was actually included or left out for some reason.

"We cannot all do great things, but we can do small things with great love." - Mother Theresa

“Let us be kind, one to another, for most of us are fighting a hard battle.” Ian McKlaren

Distinguished Scribe
Schwa
Posts: 1,001
Registered: ‎11-18-2010
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Re: Agency model refunds? Civil trial proposed settlement

[ Edited ]

5ivedom wrote:

The Court will hold a hearing on February 8, 2013 at 10 a.m. to consider  whether to approve the Settlements. 

           

For more detailed information: Call 1-866-621-4153 or Visit www.EbooksAGSettlements.com

 

                 

 

I just wanted to point out the above phrases from 5ivedom's post that I noticed in my own email (the exact same text, to make that clear)  The final court date is TOMORROW.  It hasn't happened yet.  Everyone chill. 

 

Also, in Part 1 of the email: "If the Court gives final approval to the Settlements, we expect to be able to send you your gift certificate in the first half of 2013. "  That's first half of 2013.  It's very possible we might not have the credits until June 30th.  Once again, everyone chill.

Distinguished Bibliophile
patgolfneb
Posts: 1,762
Registered: ‎09-10-2011

Re: And then there was one

[ Edited ]

Macmillan has now settled. Apple is now the only remaining defendant with a June trial date.

http://www.reuters.com/article/2013/02/08/usa-ebooks-macmillan-settlement-idUSL1N0B840M20130208?feed...
Distinguished Bibliophile
Mercury_Glitch
Posts: 1,450
Registered: ‎06-07-2011
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Re: And then there was one

Did Penguin also settle?

 

 

The Wheel weaves as the Wheel wills, and we are only the thread of the Pattern.
Inspired Wordsmith
icebike
Posts: 4,434
Registered: ‎11-30-2009
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Re: And then there was one

[ Edited ]

Mercury_Glitch wrote:

Did Penguin also settle?

 

 


Yes they setteled in December.

 

See link posted above or the Ars Technia story that appeared today.

 

Quick Quote from Apple's John Sargent:

 

" As each publisher settled, the remaining defendants became responsible not only for their own treble damages, but also possibly for the treble damages of the settling publishers (minus what they settled for). A few weeks ago I got an estimate of the maximum possible damage figure. I cannot share the breathtaking amount with you, but it was much more than the entire equity of our company.”

 

Which, since Apple started this whole deal, is fine by me.

Distinguished Bibliophile
patgolfneb
Posts: 1,762
Registered: ‎09-10-2011
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Re: And then there was one

More than the value of Apple? I realize stock price and equity are different measures of value. Apple has over a billion dollars in cash, and a stock value of multiple billions. If those are the potential damages that seems to me excessive. I am no fan of big business but? Has there ever been such a large judgement and did it survive appeals?

Bibliophile
5ivedom
Posts: 3,544
Registered: ‎12-03-2011
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Re: And then there was one

It's fine by me too.

 

All of Apple's 'activist' investors are greedily looking for a share of Apple's cash hoard. Would be divine justice on so many levels if it ended up going to people who bought ebooks instead of to Wall Street.

flyingtoastr
Posts: 3,043
Topics: 55
Kudos: 2,976
Registered: ‎11-11-2009
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Re: And then there was one

You mean the lawyers who Bezos hired for this witch hunt, right? 

 

The class in class actions never see much of the results.

Inspired Wordsmith
icebike
Posts: 4,434
Registered: ‎11-30-2009
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Re: And then there was one


patgolfneb wrote:

More than the value of Apple? I realize stock price and equity are different measures of value. Apple has over a billion dollars in cash,  


 

But surely you aren't suprised by a lawyer stretching the truth are you? 

Wordsmith
Tim40744
Posts: 536
Registered: ‎07-07-2010
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Re: And then there was one


patgolfneb wrote:

More than the value of Apple? I realize stock price and equity are different measures of value. Apple has over a billion dollars in cash, and a stock value of multiple billions. If those are the potential damages that seems to me excessive. I am no fan of big business but? Has there ever been such a large judgement and did it survive appeals?


John Sargent is the CEO of Macmillan. When he refers to "our company," I'm fairly certain he means Macmillan, not Apple. It would be interesting to know Macmillan's current equity.