STATEWIDE — The Florida and Illinois State Attorneys General have secured a larger share than originally proposed of the $31 million Keurig K-Cup antitrust settlement agreement.
The original terms would have awarded purchasers of K-Cups in Florida and Illinois only one-third as much as similar purchasers in other states. However Attorney General Ashley Moody, along with Illinois Attorney General Kwame Raoul, objected and the settlement class counsel amended the allocation plan and agreed to pay K-Cup purchasers in Florida and Illinois up to 100% of the value of their claims.
“Today’s action will help ensure Florida consumers have the same opportunity as consumers in other states to seek the full value of their claims associated with this national antitrust case,” said Attorney General Ashley Moody.
The Settlement resolves a lawsuit alleging that Keurig monopolized or attempted to monopolize and restricted, restrained, foreclosed, and excluded competition in order to raise, fix, maintain, or stabilize the prices of Keurig K-Cup Portion Packs at artificially high levels
The United States District Court for the Southern District of New York granted the motion to approve the settlement from the bench and will enter an order accordingly.
To read the settlement documents and file a claim, visit this website - https://www.keurigindirectpurchasersettlement.com/.
Purchasers of K-Cups in Florida who file a timely claim will receive a pro rata share of the settlement fund. Purchasers who submit proof of purchase of Keurig K-Cup Portion Packs from a person other than Keurig will receive 100% of their claim. Purchasers who submit only proof of purchase of a Keurig brewer will receive 50% of the value of their claim with a 7,300-cup/12-month cap. Purchasers who submit no proof of purchase will receive 10% of their claim with a 550-cup/12-month cap. The deadline to submit a claim is July 15.