Music Refunds - WMC Action News 5 - Memphis, Tennessee

Music Refunds

If you purchased CD's, records, or tapes between 1995 and 2000, you may be due a refund. An anti-trust settlement involving more than 40 states and the country's largest record companies, distributors and music store chains, is set to refund 44 million dollars to consumers. "We think millions and millions of consumers...any body who bought a CD over the past number of years was affected. What we are hoping is we can get people to participate in this opportunity." says New York's Attorney General Eliot Spitzer.

The suit accused companies of conspiring to set prices on CD's, records, and cassettes. They include Sony, Virgin America, Capitol, Musicland, and Tower Records. Companies did not admit any wrongdoing, but they did agree to refund between 5 and 20 dollars to consumers who purchased music products between 1995 and 2000.

Consumers can submit their claim on line by March 3rd and you can only apply once. No proof of purchase is necessary. Log on to www.musiccdsettlement.com or request a form by calling toll free 1-877-347-4782.

There is one catch. If more than eight and a half million people submit claims the consumers won't get any money. All the money will go to schools and charities.

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