The details can be found at AskSettlement.com, which contains a PDF of the settlement notice, the online claim form, a method to contact someone, and frequently asked questions.
Here are the immediate details: There is a fund of $820,000. Of that, $258,333 will go to the lawyers and the rest will be given to those who qualify for the settlement. No, you won't be getting cash, but you will be getting advertising credits to spend more money with Ask Sponsored Listings.
You must submit your claim by February 2, 2008. If you do not opt out, you will be included in the class action lawsuit.
Here is a copy of the e-mail I recieved:
Re: Legal Notice of Class Action Settlement Affecting Your Rights
If you purchased online advertising from IAC Search & Media, Inc. and/or Ask Jeeves, Inc. (collectively "Ask") between August 1, 2005 and the present, you may be a class member in a class-action lawsuit, Lane's Gifts and Collectibles et al. v. Ask Jeeves, Inc. et al., Case No. CV-2005-52-1, in the Circuit Court of Miller County, Arkansas. This notice advises you of your legal rights.
You should review the detailed Settlement Notice as soon as possible, as there are several important deadlines that you must meet to take certain actions in connection with a proposed settlement of the class action lawsuit. Your legal rights are affected whether you act or do not act. The deadline for filing an objection or excluding yourself from the proposed settlement is February 2, 2008, and the last day to file a claim under the proposed settlement is February 2, 2008. For further information, please refer to the Settlement Notice.
The Settlement Notice informs you of the Court's certification of a class for settlement purposes; the nature of the claims alleged; your right to participate in, or exclude yourself from, the class; a proposed settlement; and how you can claim an award of advertising credits under the settlement or object to the settlement.
For a copy of the Settlement Notice, click on the link, or visit the case website at www.AskSettlement.com.
To file a claim for your award of advertising credits under the settlement, click on the following link: AskSettlement.com/claim. Each advertiser will be allowed one claim per account.