Consumers who have waited years for their De Beers class action settlement money: Your checks are in the mail.
On April 20, Judge Stanley Chesler approved a motion to disburse the $108.7 million in funds slated for consumers who filed claims in the $300 million settlement.
According to a court filing by claims administrator Rust Consulting, the average payment amount is $180.75. Payments under $10 were disqualified.
Some 606,044 consumer claims have been filed. Of those, 574,860 were deemed eligible. The judge approved a request that the 5,820 valid late claims be allowed.
Consumers or industry members who have queries about individual claims or about the process in general should contact the claim administrators at diamondsclassaction.com.
The De Beers class action settlement received final court approval last May. The first checks went out to industry members in the “indirect” purchaser class in August.
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