Costco Proposed Settlement of Class Action

Just a little FYI...

Costco - Notice of Pendency and Proposed Settlement of Class Action ("Notice") - If you're a member of Costco, this might benefit you.

Here are some broad strokes:

• "If you have been a Costco member at any time since March 1, 2001, you may be entitled to benefits from a class action settlement."
  
  
• "The Complaint alleges that Costco members who pay an annual membership fee to renew their Costco memberships after their expiration date has passed received a renewal membership term of 12 months beginning from the previous expiration date, instead of the date on which they paid their renewal fee. For example, if a Costco membership expired on January 31, 2008, and the Costco member renewed the membership 2 months later on March 31, 2008, the members renewal membership would expire on January 31, 2009, not March 31, 2009."
  
  
• "Costco members who renewed their memberships 3 months or more after their previous expiration date will receive 3 months of free membership. The value of this benefit is $12.50 or $25.00, depending on the type of membership."