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Woohoo! I got $.70 from AT&T Universal Card/Citibank as my "Schwartz Settlement Refund". The lawyers who pressed the class action suit got $7.2 million, but who can begrudge them when they worked so hard to get me a refund that will fully cover the cost of my next two sodas from the company vending machine? I like soda, after all.
Who does this help?
(Anonymous) 2003-12-18 10:10 pm (UTC)(link)But if the lawyers pocketed over $7 million, who is really paying for that $7 mil? The cynical side of me says that eventually the average joe is, through higher fees for services that will offset the cost of the settlement. I mean Citibank had it coming. I've never understood how they calculate my bill sometimes - I always pay the whole balance before the due date, yet one time when my balance showed zero I got a bill for something like 43 cents in interest, so I paid that, didn't use the card at all in the billing cycle, and then had a bill for something like 7 cents the next month.