Subscribers get $3 each in Classmates suit. How much did the lawyers make?
Now that would be telling
Classmates.com, the big American school re-union site, has thrown in the towel in a US class action which accuses it of sending emails that violated the privacy rights of some subscribers.
Classmates denies wrongdoing but has decided it is better to settle following "arms' length negotiations" with the plaintiffs.
So US subscribers in the settlement class get $3 each in cash, or a $2 credit off the purchase or renewal of a www.classmates.com gold membership.
And the plaintiff law firms (for there are two)? $1.3 mil.
Settlement details here. You never know - it could be you.
Mike Delyea is Reg God for a day for this tip.
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