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Groupon Settles Class Action for $8.5 million

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Last month, Groupon settled a class action lawsuit brought by seventeen Groupon subscribers over allegations that the company imposed illegal deal restrictions. The settlement includes anyone who bought or received a Groupon deal between November 1, 2008 and December 1, 2011.

According to the terms of the settlement, anyone who submits a “settlement voucher” can redeem it through the merchant, “up to the purchase price that you paid.” However, under Groupon terms, any expired Groupon had always been redeemable for the amount paid.

Should a merchant not honor a settlement voucher, a second claim can be submitted to the settlement fund for a refund check, plus 20 percent of the promotional value of the Groupon.

As further terms of the settlement, Groupon will not sell more than 10 percent of its daily deals with a less than 30 days expiration term.

Because the settlement includes any Groupon member, reportedly up to 34 million active subscribers, the payout to claimants would likely be very small. Groupon subscribers have until July 6 to join the settlement.

 

breakinglawsuitnews.com disclaimer: This article: Groupon Settles Class Action for $8.5 million was posted on Wednesday, May 23rd, 2012 at 8:57 pm at breakinglawsuitnews.com and is filed under Fraud Lawsuits.

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