By Mike Timmermann, Clark.com
June 2017 Update: Your money is on the way! According to a website for the settlement, the distribution of cash payments and value certificates began on June 8. If you elected to receive a check, it will be mailed to the address you provided on the cash election form. Read more here.
If you bought McAfee or Intel Security software over a five-year period, check your inbox for details about a class action settlement notice.
McAfee settlement: What you need to know
According to the notice, a settlement has been reached in two class action lawsuits against McAfee that claimed the company engaged in unfair practices about auto-renewal charges and the advertising of discounts and reference prices.
McAfee denies that it has broken any laws or done anything wrong.
The settlement affects two “classes” of McAfee customers: the “auto-renewal class” and the “reference price class.” The notice that you receive by mail or email will tell you which class you’re in, perhaps both.
If the settlement is approved and becomes final, members of the auto-renewal class will get an $11.50 settlement – either cash or a certificate for future purchases.
To receive the cash, you must file a cash election form no later than December 23, 2016.
As part of the settlement, McAfee has agreed to implement certain practice changes regarding auto-renewal transactions and pricing advertisements.
Only those who bought software between January 10, 2010 and February 10, 2015, are eligible.
If you want to opt-out of the settlement and maintain the right to sue McAfee, you can read more about that on a website with details about the lawsuits.
Be patient because payments will only be distributed if the court grants final approval to the settlement.