Check your mailbox for McAfee settlement money!

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Check your mailbox for McAfee settlement money!
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June 2017 Update: Your money is on the way! A member of Team Clark received his $11.50 McAfee settlement benefit via PayPal on June 13. 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.

Original story:

If you bought McAfee or Intel Security software over a five-year period, check your inbox for details about a class action settlement notice.

Read more: 7 steps to create safer passwords for all your online accounts

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.

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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.

Read more: Never give your doctor this information over email!

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