Unopposed preliminary settlement filed in Tuttle et al. Basic terms for the 123 albums identified are return records for full refund+ taxes+ shipping or keep them and get a 5% cash refund or a 10% coupon of the purchase price+ taxes+ shipping. Music Direct or Mobile Fidelity sold about 25% direct other 75% were sold to distributors who sold “wholesale to retailers, e.g. Best Buy, Walmart, and independent record stores.” So, dig out those Best Buy and Walmart receipts and wait for case to be finalized.
A third of the albums are Billy Joel, Bob Dylan and Miles Davis. Where else would you buy them? Give the masses what they want.
My local Best Buy Magnolia had a small display some years ago, but I haven't been in there in a long time.
So basically you can probably better this settlement if you sell them off directly.. With some exceptions. Those who paid flipper prices lose out. Which was their gamble... unless you simply still enjoy the records and the music.
So they get a full refund which is what MFSL offered everyone anyway. MFSL just proved in court some people are drinking Kool Aid.
Never purchased through MF so this won’t apply to me. Oh well, not really worth the hassle anyway for what, roughly $1-$2 per release. And if I was going to bother returning them for a refund, like said above, it would make more financial sense to just resell them
If you bought it at retail you would still qualify. I just talked with Mike Esposito and he thinks the number of returns will be small.
Who keeps receipts going back to 2007 or even last year? In practice Mo-Fi gets off practically scot free.
How do independent retailers fit into this. If they are sitting on MFSL stock can they now return it to their distributors for a full refund?
Not the way I read it. Only the first person who purchased at retail is in the class. And its only 123 albums. One third are Billy Joel, Bob Dylan and Miles Davis albums.
