$40 million settlement in Skechers’ class action suit

Posted on: August 23rd, 2012 by Steve Larson
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On August 13, 2012, a federal judge preliminarily approved a $40 million settlement between Skechers USA Inc. and consumers who boght the company’s toning shoes in a class action lawsuit filed over advertisements that consumers said made unfounded claims that the footwear would help people lose weight and strengthen muscles.

An undetermined number of people will be able to get refunds for their purchases of as much as $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, California-based Skechers reached a deal with the Federal Trade Commission over the advertisements for the shoes.