Are You Eligible for Apple’s $400 Million Class-Action Settlement Payout?
I work in an office full of people who think Apple can do no wrong -- so much so that I went head-to-head with one of my colleagues defending my choice to stick with Android.
So I’ll admit it: I broke out in an I-told-you-so grin when I heard about Apple’s recent class-action settlement.
Looks like Apple can screw up… to the tune of $450 million.
Apple’s Ebook Scandal
Back in 2012, the United States filed an antitrust lawsuit against Apple, claiming it conspired with several book publishers to to fix -- and increase -- the price of ebooks. (Think different… about treating your customers fairly!)
Fast forward to this past March, and Apple found itself forced to cough up $450 million to settle the case.
The best part? The bulk of that settlement money -- a whopping $400 million -- is to be paid out to buyers who purchased a qualifying ebook between April 1, 2010 and May 21, 2012.
And since the publishers involved include names like Penguin, HarperCollins and Macmillan, it’s likely you’ll get part of the pie if you read electronic books at all.
Are You Eligible for Apple’s Class-Action Settlement?
To find out, all you have to do is check your email.
If you’re set to receive part of the $400 million payout, Apple will let you know -- and deposit your portion directly into your iBooks, Barnes & Noble, Kobo or Amazon account.
If you purchased qualifying ebooks through Sony, you’ll receive a check (psst -- update your contact info here to make sure it gets to the right place!). If you bought ebooks from Google and other retailers, you were required to fill out a claim form back in 2014 to be paid.
Payouts range from $1.39 to $6.54 per book, depending on its place on the New York Times’ Bestseller list, according to AppleInsider.
Once you see that cash hit your account, don’t wait around forever to use it! Settlement credits are valid until June 24, 2017.
Goodness knows if you buy Apple products, the company’s taken a decent amount of your money… so you may as well make sure you take advantage of the turned tables while you can.
Your Turn: Did you receive a payout from Apple’s class action settlement?
Jamie Cattanach is a recovering Apple user and staff writer at The Penny Hoarder. Her writing has also been featured at Word Riot, DMQ Review, Hinchas de Poesia and elsewhere. Find @JamieCattanach on Twitter to wave hello.