SpringStreet Lawsuit Clarification

by David Evans on March 1, 2006 · 0 comments

in Legal

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One of the attorneys representing the class in the suit against SpringStreet Networks wrote to clarify the relationship between points and credits under the settlement.

For all purposes relating to the relief provided through this settlement, a class member’s right to transfer or receive credits includes the right to transfer or receive points at Springstreet’s normal conversion rate of 200 points per credit. Thus, if a class member elects to transfer 10 credits and is currently on a points system, he or she will be deemed to have transferred 2,000 points. Similarly, if a class member elects by choice or default to receive extra credits, and is currently on a points system, he or she will receive 200 points for each credit to which he or she otherwise would be entitled.

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