Tuesday, January 27, 2015

FiveFingers Class Action Cash For You?

Vibram FiveFingers Class Action

If you purchased certain models of Vibram FiveFingers footwear in the United States from March 21, 2008 up to and including May 27, 2014, you may be entitled to benefits in a class action settlement.
 
“The gist of her claim is that Vibram illegally obtained an economic windfall from her because it was only by making false health claims that Vibram induced consumers to buy FiveFingers shoes, and to pay more for them than they would have otherwise,” Harvard Law School professor, John C. P. Goldberg, told Runner’s World at the time of the original filing. Subsequent class action suits were filed against Vibram in California and Illinois, and those were absorbed into Bezdek’s case.
The settlement consists of two kinds of relief. The first is refunds to class members who submit valid and completed claim forms. Vibram will deposit $3.75 million into an escrow account and those funds will be distributed to those valid class members who purchased a pair of Vibram FiveFingers between March 21, 2009 and the date of the first dissemination of summary settlement notice or class notice, whichever is earlier. FiveFingers will award up to a maximum of $94 per pair, though the agreement acknowledges that based on similar settlements it is reasonable for class members to expect to receive between $20 and $50 per pair.

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