Costco lawsuit settlement
Definition
A legal resolution where the retail giant Costco Wholesale Corporation agrees to pay a sum of money to plaintiffs to end a class-action lawsuit or dispute without admitting liability.
The process by which one receives a fractional check in the mail, often for a few dollars, after a massive company like Costco is caught in a legal entanglement regarding privacy, employment, or product transparency.
Examples
I spent three hours reading the legal notice only to realize my Costco lawsuit settlement covers exactly one-eighth of a hot dog combo.
After the Costco lawsuit settlement was finalized, I felt like a corporate titan receiving my $2.47 check in the mail.
Waiting for a Costco lawsuit settlement check is the modern person's version of panning for gold in a river of class-action paperwork.