Published on October 30, 2013
Posted in: Groupon
The parties have entered into a settlement, which has been approved by Justice Belobaba in a decision dated October 29, 2013. A copy of the decision is here.
The settlement provides that class members can continue to redeem their vouchers at the purchase price or, if redemption is not possible, they can recover their money back from a settlement fund. Groupon will deposit $535,000 into the settlement fund for eligible claimants; counsel fees of $235,000 and administration fees of $100,000 will be deducted from the fund, leaving about $200,000 for class member claimants. Any unclaimed balance will be returned to Groupon.
Sotos LLP and Sack Goldblatt Mitchell LLP are co-counsel to the class. More information can be found at grouponclassaction.ca.