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|LivingSocial Reaches $4.5M Class Action Settlement|
- Thursday, 25 October 2012 13:24
LivingSocial Reaches $4.5M Class Action Settlement
By Sarah Pierce
UPDATE 11/26/12: Details on how to file a claim for the LivingSocial Class Action Lawsuit Settlement have arrived!
Hot off the heels of the Groupon class action settlement, competing daily deal site LivingSocial has agreed to pay $4.5 million to settle a class action lawsuit accusing the company of violating consumer protection laws that state gift certificates can’t expire for at least five years after they’re sold.
Under the terms of the LivingSocial class action settlement, disclosed Oct. 19, consumers that purchased LivingSocial vouchers and submit claims will be eligible for a full or partial refund of the paid value of any LivingSocial deals that is unredeemed and unrefunded and whose promotional value has expired.” In other words, if your LivingSocial deal expired before your used it, you might be able to get some of your money back.
The company will also change the way it issues deal vouchers. Voucher expiration dates must be at least five years from the date of purchase, in accordance with the Credit Card Accountability Responsibility and Disclosure Act of 2009. LivingSocial’s terms and conditions will also be changed “so that the expiration dates on its vouchers and website are more clear and understandable to consumers,” according to court documents. That includes clearly spelling out a deal’s paid and promotional value and their respective expiration dates, and offering refunds for an unredeemed LivingSocial vouchers within seven days of purchase.
Groupon made similar changes to the way it offers daily deal vouchers under the terms of its $8.5 million class action lawsuit settlement reached in April. However, a federal judge rejected the Groupon class action settlement in September after finding fault with a provision of the settlement that would have provided $75,000 to two charity organizations and not to Class Members. No news on if the Plaintiffs have filed an amended settlement agreement.
Let’s hope the terms of the LivingSocial settlement stick in court. Details on how to file a claim for the LivingSocial Class Action Lawsuit Settlement are not yet available. Keep checking Top Class Actions for claims filing instructions as soon as they’re made public.
Updated April 1st, 2013
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Last Updated on Monday, 01 April 2013 10:22