Sarah Mirando  |  December 6, 2012

Category: Legal News

Top Class Actions’s website and social media posts use affiliate links. If you make a purchase using such links, we may receive a commission, but it will not result in any additional charges to you. Please review our Affiliate Link Disclosure for more information.

Follow us on Twitter and Facebook for the latest Class Action Lawsuit Settlement News!

 

Update: De Beers Diamond Settlement Checks for Consumers Close

By Sarah Pierce

 

DeBeers diamond settlementTop Class Actions just received an exclusive update on the De Beers Diamond class action lawsuit settlement, which is still awaiting payouts to the Direct Purchaser Class (consumers). According to our inside source:

“The official update is that we are preparing an affidavit to be filed with the court pertaining to the distribution [of consumer checks], and once the court approves, distributions will be made. We cannot provide a specific time frame for this to occur.”

Indirect Purchasers (dealers) were given the green light to receive their De Beers Diamond settlement checks in August. And according to a September article on JCK Online, they’re “surprisingly happy” with their De Beers class action settlement checks.

Many of the dealers received five or six figures, reports the article. According to one New York City diamond dealer: “I was among those who was asking, ‘Was it worth the effort to file a claim?’ But it was definitely worthwhile. I almost had to take a second look. I thought, ‘It’s got to be a mistake, I should take it to the bank fast and cash it.’”

Many of these dealers will also receive a second check, as the class action lawsuit settlement agreement was to distribute 85 percent of the settlement fund in one wave, and distribute the remaining funds in a second wave. This excludes Class Members where the second amount totals $25 or less.

There’s no telling when the De Beers diamond settlement checks will be mailed to the consumer class, but it may be at least two months since they’re still preparing the affidavit. Once a date is confirmed, we’ll pass it on.

Keep checking Top Class Actions for the latest updates on the De Beers diamond class action lawsuit settlement, or have these updates delivered to your inbox by signing up for our free weekly newsletter.

 

We tell you about cash you can claim EVERY WEEK! Sign up for our free newsletter.

 

Updated December 6th, 2012

 

All class action and lawsuit news updates are listed in the Lawsuit News section of Top Class Actions

LEGAL INFORMATION IS NOT LEGAL ADVICE
Top Class Actions Legal Statement
©2008 – 2012 Top Class Actions® LLC
Various Trademarks held by their respective owners

1,230 thoughts onUpdate: DeBeers Diamond Settlement Checks for Consumers Close

  1. Rickey Thomas says:

    I filed a claim in this settlement, but it’s been so long I had forgotten about it. I never received anything. No kind of information or anything. My address hasn’t changed and my phone number is also the same. So what happened ? Is the case over or what? Whats the next step?

  2. Debra says:

    If you find that your virus software checker is not working
    well, consider changing brands. The free funeral program template available at wordtemplates.

    Bear in mind the importance however, as this is the key step which puts money back into your pocket.

  3. AJAY says:

    One word for the GREEDY attorneys that filed appeal after appeal to eat up the settlement pool, after DEBEERS agreed to the settlement.

    KARMA…. you guys screwed all of us, so may KARMA be with you!

  4. Debra Ingersol says:

    This is fine as long as you are not one of the many consumers in the settlement. Rust Consulting was supposed to issue checks to us also.
    In 2009 I notified Rust Consulting that our address was annexed by a city. I have the email in which I actually replied and recieved confirmation, with my claim number that my check would be mailed to the corrected address. This was back in 2009. They still mailed my check to the incorrect address, they would not accept the emails as verification I have not received payment. Had to write letter this was back in June, in the Rust system they show my notification was recieved on 6/30/2013, my snail mail letter I reluctantly sent. I was told it would be 2-4 weeks until I recieved my check. Then I called still no check, then 4-6 wks, still no check then 6-8 weeks, still no check, then 8-10 wks, still no check!!! Now they cannot even tell me when my check will be issued. Just who is getting all the interest they are making from holding our funds?????
    What about the little guy that is part of this great settlement? What about us???? No one cares, and Rust Consulting is not dealing with the distrubution of these funds fairly at all!!! It makes me think twice of ever being part of one of these again, better to go on your own, that way you at least have an attorney, oh wait I have one, they got a percentage of my settlement, where are they???

  5. Linda Hraban says:

    My husband told all of our family and friends about the settlement from DeBeers years ago everyone signed up and so did we. Everyone received a check except us. We were wondering why we did not receive a check?
    Thank you for your time.
    Philip & Linda Hraban

  6. april says:

    why are some consumers getting second checks and some are not? i know of two people that got another check yesterday

  7. Astrid says:

    Over five and a half years later (initial claim date of 1/25/08), I finally today received a check for $451 – which I calculated to be 3% of the purchase price of my diamond. I stayed on top of things with a change of address in 2011 and a request to re-issue the check that was sent to my old address. So, am I happy? You bet. It’s money I didn’t have before today, so it’s like Christmas came early.

  8. Michelle says:

    12 weeks and still no check! I’ve called them 25 times and they keep telling me that my check is still being processed! How many checks are still being processed?? Just think of all the interest they are receiving on money that does not belong to them! Is there anyone else out there that is still waiting for their check?

  9. Big E says:

    Elvis has left the building

  10. Alpha Bitch says:

    In addition to what #1227 JH from TX stated on 2013-06-20 13:14
    =====
    If you did not receive your check you will get another claim# for re-issue of your settlement fund.
    You will need to snail mail a letter requesting a re-issue of funds along w/your CORRECT address.
    They will supply you w/the address to snail mail your letter. Letter MUST include your new claim#.
    Re-issue will take approximately 4-6 weeks.

    This is what I had to do (today). My check was returned because my apt# was missing from my address. :(
    I live in N.J.

    From my understanding, checks were mailed out June 7th.

1 121 122 123

Leave a Reply

Your email address will not be published. By submitting your comment and contact information, you agree to receive marketing emails from Top Class Actions regarding this and/or similar lawsuits or settlements, and/or to be contacted by an attorney or law firm to discuss the details of your potential case at no charge to you if you qualify. Required fields are marked *

Please note: Top Class Actions is not a settlement administrator or law firm. Top Class Actions is a legal news source that reports on class action lawsuits, class action settlements, drug injury lawsuits and product liability lawsuits. Top Class Actions does not process claims and we cannot advise you on the status of any class action settlement claim. You must contact the settlement administrator or your attorney for any updates regarding your claim status, claim form or questions about when payments are expected to be mailed out.