Liz Swain 5:30 p.m., Sept. 22
Settlement finalized over UT San Diego's deal website complaints
A settlement deal has been finalized between the UT San Diego and buyers of the website’s “daily deals” who were unable to redeem them for the stated cash value after the expiration of deal periods at participating merchants.
Under terms of the settlement, first proposed in January, buyers of the deals before May 1, 2012, who attempted to use them after a promotional period had ended and were either denied by an establishment or found that the company issuing the deal had gone out of business must submit a claim form within 60 days of having first attempted to use purchased certificates for actual value and being denied.
Those submitting claims are eligible for a refund equal to 120% of the original purchase price, to be issued in “deal bucks,” which are only good toward the purchase of more offers from the UT’s website.
More like this:
- "Flip" investors backing out of housing market — July 30, 2013
- Food fight: Dole CEO accused of taking company private on the cheap — June 14, 2013
- U-T offers settlement related to complaints about gift certificate business — Jan. 9, 2013
- The months leading up to the purchase of UT San Diego were not easy on John Lynch, UT's CEO, involved in two costly lawsuits — Sept. 21, 2012
- Bank of America to Stand Trial for Alleged Truth in Lending Act Violations — Dec. 30, 2011