Message Font: Serif | Sans-Serif
No. of Recommendations: 0
Actually, what's likely to happen is that you (and all the other members of the class) will get a coupon good for $25 off on your first three month's of AOL service. Maybe they'll throw in one of their nifty CDs. The lawyers, of course, will pocket millions - they're the ones who have to worry about tax implications. (IMHO, class actions serve mainly to enrich the lawyers. They rarely provide a substantial benefit to the individual members of the class.)

I do realize this and if it was in my account, I might choose to ignore it. Right now I have this one for the kid and a different one for my mother so I feel more of an obligation to respond to them. OTOH, I did receive over $100 from a class action concerning price fixing for a specific drug.

Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.