Yahoo is distributing payments in the Online Merchant Systems class action settlement over alleged flaws in its bidding system.
The case was settled I believe in 2006 (the settlement agreement, PDF format, is undated). A final judgment was entered in April of this year, with notification to happen by June 9, according to the class action’s web site:
On April 25, 2007, the Court entered the Final Judgment and Order of Dismissal with Prejudice in the Online Merchant Systems v. Yahoo! action. Notification related to processed claims will be distributed via e-mail on or before June 9, 2007, to claimants who submitted a claim form for this Settlement.
The Action alleges that when the System’s budgeting feature was used, certain advertisers would be removed from search results when their daily budgets had been fully exhausted, but their bids would remain visible for other bidders to see in a manner that did not indicate that Event Date.
A previous version said the payments were related to the Yahoo settlement of a click fraud class action case. That’s an entirely different case, and payments are not being sent out in it yet. Most comments below relate to that earlier version.