Settlement Floated For TM Suit

A settlement has been proposed in a class-action lawsuit against Ticketmaster that’s been winding its way through the courts for years.

The suit, which was filed by a group of consumers in 2003, raised hell over TM’s processing fees and UPS charges. It appears both sides finally reached an agreement after years of “extensive, contentious, arm’s-length negotiations,” according to court documents.

Under the terms of the proposed agreement, people who purchased tickets between Oct. 21, 1999, and Oct. 19, 2011, would receive credits to their TM accounts of $1.50 per purchase for up to 17 transactions. Additionally, people who opted in to a UPS subclass in the suit would be entitled to $5 credits per transaction to be used for future delivery fees.

The Los Angeles Superior Court is scheduled to decide whether to approve the settlement May 29.