$40M Skechers settlement approved in class action targeting toning-shoe claims
Posted May 14, 2013 12:48 pm CDT
A federal judge in Louisville has approved a $40 million settlement in a consumer class action alleging Skechers made unfounded claims about the benefits of its toning shoes.
The company was targeted for claims that the shoes strengthened muscles and promoted weight loss, report the Associated Press, UPI and MSN Money. U.S. District Judge Thomas Russell approved the settlement in more than 70 consolidated cases.
More than 500,000 consumers submitted claims in the case. The settlement pays a maximum of $84 for a purchased pair of Resistance Runners, $80 for Shape-ups, $54 for Podded Sole Shoes, and $40 for Tone-Ups. The lawyers in the case will earn $5 million.
Skechers says it settled to avoid litigation and it “vigorously denies the allegations made in these legal proceedings.”