Judge tentatively OKs $40M Skechers settlement
LOUISVILLE, Ky. (AP) - August 13, 2012 (WPVI) -- A federal judge on Monday has tentatively approved a $40 million settlement between Skechers USA Inc. and consumers who bought the company's toning shoes.
A class-action lawsuit was filed over ads that consumers say made unfounded claims that the footwear would help people lose weight and strengthen muscles.
An undetermined number of people will be able to get a repaid for their purchases - up to $80 per pair of Shape-Ups; $84 per pair of Resistance Runner shoes; up to $54 per pair of Podded Sole Shoes; and $40 per pair for Tone-Ups.
The agreement comes three months after Manhattan Beach, Calif.-based Skechers reached a deal with the Federal Trade Commission over the advertisements for the shoes.
Skechers has denied the allegations but said it settled to avoid long litigation.
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