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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.

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