Thousands of Annual Passholders Getting Refund

[GrandpaD]

A federal judge gave final approval to a $11.5 million class action settlement agreement this week after a group sued when their SeaWorld passes were automatically renewed without their permission.

Nearly 132,000 people who purchased one-year E-Z Pay annual passes at SeaWorld’s theme parks in Florida, Texas, Virginia and California are eligible, court documents have said.

 

[Zimmy]

well that is not going to impact the stock in a positive way.

 

[BGWnut]

Well they didn't actually have to admit to any wrongdoing. This was basically let's avoid a long lengthy trial where they might win and they might lose.

 

[GrandpaD]

They're paying off.

https://wydaily.com/local-news/2019/09/05/seaworld-settlement-in-ez-pay-lawsuit-nets-checks-for-park-goers-in-virginia-other-states/

 

[ControlsEE]

Well they didn't actually have to admit to any wrongdoing. This was basically let's avoid a long lengthy trial where they might win and they might lose.

I'm no lawyer, but I think that's what out of court settlement means...

 

[BGWnut]

I'm no lawyer, but I think that's what out of court settlement means...

Sometimes when you settle out of court you admit to wrongdoing but it saves you from paying more by allowing you to avoid a jury awarding damages. Just because you settle out of court doesn't mean that you get to avoid accepting responsibility.

 

[horsesboy]

well that is not going to impact the stock in a positive way.

Not sure it's going to impact it all that much. News of a settlement has been out there for a while the fact that the judge approved it and it's over might actually be seen as a positive. Either way more or less old news.

 

[Zimmy]

Not sure it's going to impact it all that much. News of a settlement has been out there for a while the fact that the judge approved it and it's over might actually be seen as a positive. Either way more or less old news.

yes that was from May

 

[GrandpaD]

Either way more or less old news.

Oh sure, beat up the ol' guy. ?

I guess the "news" was the checks are in the mail.