Most Recent Articles In Business
Latest Business Articles
More Articles By
Vibram USA Inc. has filed a $3.75 million settlement proposal with the U.S. District Court in Massachusetts following a class-action lawsuit alleging that the company overstated the health benefits of its FiveFingers running shoes.
Additionally, Vibram said it will stop making health claims in its ads after the plaintiffs alleged that the company was selling the shoes, which retail for about $100, on the basis of unfounded claims that they strengthen muscles and prevent injury.
The proposed settlement was filed last week and is awaiting approval from the court.
If approved, customers who bought Vibram shoes as far back as March 2009 could be eligible for a refund of up to $94 for every pair they purchased, according to the court filing.
More than two dozen models of Vibram shoes would qualify, according to the filing.