You Could Receive Up to $100 from SPAM Settlement (But Probably Won't)
Details of the proposed settlement are up on TextAdClass.com (bring a PDF reader). Under terms of the settlement, B2Mobile and LeadClick Media legally deny any wrongdoing, but have agreed to pay a combined $12.2 million to make the case go away. Of that money, $10 million will go towards a LeadClick Settlement Fund an the remaining $2.2 million to a B2Mobile Settlement Fund, according to PCMag's breakdown of the legalese.
If you received a spam text from one of the websites covered in the settlement between January 1, 2008 to July 29, 2011, you can choose to sign up with one of the Settlement Funds. Lawyers will get their cut of course -- in this case, 25 percent -- and $10,000 goes to the class representative. The rest of the money goes towards you and anyone else who qualifies, up to $100.
Assuming enough people sign up -- and they surely will -- your cut will be less, potentially much less. If it dips all the way down to below $5 per person, then the money will instead be donated to a charity of the user's choosing from a list of approved charities. Since up to 47 million people might be eligible for the settlement, that's the most likely outcome.
More details here, now go call your mother and create some good karma.