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By contrast; this settlement provides real economic value—months of Costco membership—that automatically go to victims identified by Costco’s membership renewal and payments database. Prior to March, 2009, Costco automatically back-dated renewals that occurred up to five months after expiration.
In the settlement, Costco agreed to shrink that to renewals of up to only two months.
If you’re a Costco member like me, sometimes you don’t shop at the big box store for months at a stretch.
If your membership happens to expire during such a sabbatical, guess what happens when you renew a month or two later?
Costco disputes the alleged claims and does not admit any liability or wrongdoing whatsoever, but wants to settle anyway. Close to 12 million former and current members were beaten out of some million worth of back-dated renewals between March 1, 2001 and March 31, 2009.
Our policies help guide the exercise of that discretion but do not strictly dictate all outcomes,” said John Sullivan, Costco’s associate general counsel, in an e-mail.Away from the spotlight, Olivia, 33, the flame-haired star of hit Channel 4 drama series Indian Summers, is going out with film-maker Jamie Johnson, an heir to the Johnson & Johnson pharmaceutical fortune and relative of Woody Johnson, US ambassador to the UK.Jamie made waves with his documentary Born Rich in 2003, interviewing socialites including Ivanka Trump.As it turns out, Rhonda Dupler and Tempe Evans were shrewder still.When those two residents of New York and California encountered the same backdating pick-pocket, they sued, and their cases became a class action, which has now reached the proposed settlement stage in U. District Court for the Eastern District of New York.