Author Topic: $57 million dollar hit in a lawsuit for Power wrist bands (Read 4219 times)

Nails · « **on:** November 21, 2011, 12:10:20 PM »

Wonder when Jay Cutler will be next on this class action lawsuit for his Jay Cutler Signature Energy bands that sell for measly $59.99 each

http://www.jaycutler.com/component/virtuemart/?page=shop.product_details&flypage=flypage.tpl&product_id=37&category_id=2

http://www.tmz.com/2011/11/21/power-balance-bracelets-lawsuit/

Power Balance Bracelets Forced to Pay $57 Million, Expected to Close Shop

Power Balance -- the company that allegedly duped athletes into believing its bracelets could provide super-human strength -- is about to take a $57 million dollar hit in a lawsuit filed by people who called BS on the product ... TMZ has learned.

As we previously reported, a class action suit was filed in federal court in L.A. back in January ... alleging consumers were duped into believing the hologram-embedded band was scientifically proven to enhance balance, flexibility and strength. There was just one small problem -- there was never any hard evidence to back those claims.

Now, sources with direct knowledge of the situation tell TMZ ... the company has reached a settlement worth $57.4 million, intended to compensate all those who were misled into buying the product.

And it gets worse for PB -- we're told the company will be declaring bankruptcy and plans to fold up shop altogether.

The Power Balance bracelets CRUSHED IT when they first appeared on the scene a few years ago -- with superstars like Drew Brees and Shaq vouching for the product.

Turns out ... size, strength and talent can't be sold in stores.

Dr Dutch · « **Reply #1 on:** November 21, 2011, 12:22:53 PM »

Only in Gods Own Country !!!

mass243 · « **Reply #2 on:** November 21, 2011, 12:23:43 PM »

The Abdominal Snoman · « **Reply #3 on:** November 21, 2011, 12:25:58 PM »

And all they really had to do was re-word their advertising enough before they went live and never would have been through this mess.

The Abdominal Snoman · « **Reply #4 on:** November 21, 2011, 12:27:10 PM »

I'm amazed "supplement" companies aren't getting crushed with lawsuits with false claims/advertising.

THEBOSS · « **Reply #5 on:** November 21, 2011, 12:27:55 PM »

So when does the same thing happen to the supplement industry ?

bradistani · « **Reply #6 on:** November 21, 2011, 12:30:34 PM »

i hope they stashed come cash offshore .

Dr Dutch · « **Reply #7 on:** November 21, 2011, 12:32:35 PM »

Quote from: The Abdominal Snoman on November 21, 2011, 12:27:10 PM

I'm amazed "supplement" companies aren't getting crushed with lawsuits with false claims/advertising.

They got really clever textwriters/lawyers, just take a look at the smallest letters....

The Abdominal Snoman · « **Reply #8 on:** November 21, 2011, 12:32:49 PM »

Quote from: THEBOSS on November 21, 2011, 12:27:55 PM

So when does the same thing happen to the supplement industry ?

Its coming. Just a matter of time.

tendonitis · « **Reply #9 on:** November 21, 2011, 12:40:28 PM »

Good thing Jay has his music career to fall back on.

Dr Dutch · « **Reply #10 on:** November 21, 2011, 12:43:34 PM »

Quote from: tendonitis on November 21, 2011, 12:40:28 PM

Good thing Jay has his music career to fall back on.

hahahaha what a clown the guy is

Swede! · « **Reply #11 on:** November 21, 2011, 12:44:54 PM »

Quote from: tendonitis on November 21, 2011, 12:40:28 PM

Good thing Jay has his music career to fall back on.

hahahaha

Nails · « **Reply #12 on:** November 21, 2011, 12:47:05 PM »

Quote from: tendonitis on November 21, 2011, 12:40:28 PM

Good thing Jay has his music career to fall back on.

Time for class action lawsuit on that too, Major Claims on CD that Jay Cutler will motivate your workouts, as a matter of fact, at times i would fall asleep on the bench press due to Jays Boring sound of voice

THEBOSS · « **Reply #13 on:** November 21, 2011, 12:48:43 PM »

All the infomercial bullshit like P90 X exercise balls and statements like MUSCLE CONFUSION are also reasons for lawsuits .

Dr Dutch · « **Reply #14 on:** November 21, 2011, 12:49:36 PM »

The Levrone-Cutler supergroup ? Which pro's can play an instrument too ?

claymore · « **Reply #15 on:** November 21, 2011, 12:51:43 PM »

Anybody that bought those things deserved to be duped, who falls for this shit...this country is so SAD.

Iceman1981 · « **Reply #16 on:** November 21, 2011, 01:03:07 PM »

It's about time this happened.

dr.chimps · « **Reply #17 on:** November 21, 2011, 01:23:54 PM »

Suckers! Half my baseball team wore those Japanese Phiten necklaces, too. Like that'll stop them popping up to short. Oh brother.

Wiggs · « **Reply #18 on:** November 21, 2011, 01:25:52 PM »

SUCKERS

bears · « **Reply #19 on:** November 21, 2011, 01:27:12 PM »

Quote from: claymore on November 21, 2011, 12:51:43 PM

Anybody that bought those things deserved to be duped, who falls for this shit...this country is so SAD.

for real. they should be paying us money for using our air.

wes · « **Reply #20 on:** November 21, 2011, 01:51:05 PM »

I saw some magical bracelets that Phil Heath was endorsing at the Masters Nats this year.

I thought about buying a couple for added massiveness.

Didn`t Wonder Woman endorse some magical bracelets too

Anyone that bought these things deserves one big monstous headbutt to the bridge of the nose region/vicinity!

Nails · « **Reply #21 on:** November 21, 2011, 02:13:58 PM »

Nails · « **Reply #22 on:** November 21, 2011, 02:14:53 PM »

Nirvana · « **Reply #23 on:** November 21, 2011, 02:15:56 PM »

the buyers should be sued too

MAXX · « **Reply #24 on:** November 21, 2011, 02:16:33 PM »

stupid people are stupid

only in america

etc...