Consumerist
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class action
Today Is The Last Day To Join The DeBeers Diamond Class-Action Settlement
If you bought a diamond between January 1, 1994 and March 31, 2006, today is the last day to join the DeBeers class action settlement. It doesn't matter whether or not the diamond was bought from DeBeers, the diamond could have been bought from anywhere. The lawsuit contends that DeBeers uses its monopoly over most of the world's diamond mines to artificially inflate the price of diamonds and engages in other anti-competitive behaviors as well. It's expected that around $135,432,500 will be divided amongst all the eligible consumers. You can file claims online here.
(Thanks to Michael!)
(Photo: clagnut) -
worst company in america
Round 36: DeBeers vs Verizon
This is Round 36 in our Worst Company in America contest, DeBeers vs Verizon!Inside, readers comments from previous rounds on why they hate each company... More »
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worst company in america
Round 7: DeBeers vs 1-800 Flowers
This is round 7 in our Worst Company in America 2008 contest, DeBeers vs 1-800 Flowers.
DeBeers: Controls over 70% of the world's diamond mining and has been accused of artificially constricting to diamond supply to inflate prices. Their advertising also teaches us that you're not a man unless you get your wife or lover the biggest rock you can.
1-800 Flowers: Readers have complained about receiving dead or the completely wrong flowers.
This is a post in our Worst Company In America 2008 series. Keep track of all the goings on at consumerist.com/tag/worst-company-in-america/
STILL OPEN FOR VOTING: Starbucks vs United Airlines, Exxon vs Crocs, Google Vs Sony, Ticketmaster vs Wachovia, Facebook vs The American Arbitration Association, Comcast vs Menu Foods
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class action lawsuits
Bought A Diamond? Get A Piece Of $135,432,500 DeBeers Lawsuit
Ever bought a diamond? You may be eligible for a piece of a multi-million class action lawsuit alleging that diamond giant DeBeers conspired to monopolize the diamond industry by fixing, raising, and controlling diamond prices, and by issuing false and misleading advertising. The class is open to anyone who bought any diamond from anyone from January 1, 1994 to March 31, 2006. $135,432,500 will be divided amongst all the approved consumer claimants.
Here's where you go to file a claim. Find out more details at diamondsclassaction.com.
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evil
De Beers Diamonds Now Only 74% Evil
South African diamond cartel De Beers has announced that it will be transferring a 26% share of its mining operation, De Beers Consolidated Mines, into a holding company that is half-owned by De Beers employees and pensioners. (Which we suppose could be mathed out to mean they are still 85% evil, depending on who owns the other half of the holding company.) More »
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