U.S. Markets close in 4 hrs 10 mins

Similasan Corp. Proposed Class Action Settlement

SAN DIEGO, May 3, 2017 /PRNewswire/ -- A proposed settlement has been reached in a class action lawsuit involving Similasan Corp.,  a distributor of homeopathic products.  The settlement establishes a $700,000 fund and entitles some consumers who purchased Similasan products to claim a refund or a payment estimated up to $10 to $30.

On April 12th, 2017, Federal Judge Cynthia A. Bashant preliminarily approved a settlement of a lawsuit between Similasan and a class representing purchasers of Similasan products.  The lawsuit claimed that labeling and marketing on Similasan over-the-counter homeopathic drugs distributed by Similasan Corp. was false or deceptive.  Similasan stands by its advertising and denies it did anything wrong.  The Court has not decided which side was right.  Instead, the parties have decided to settle the case. 

A settlement fund of $700,000 is being set up to pay claims to eligible class members, attorneys' fees and costs, incentive award to the named plaintiff, and the notice and claims administration costs.  Similasan has also agreed to make certain changes to the manner in which it labels and advertises the Products, and has also agreed to provide dilution disclaimers on its websites.

Class members, those who purchased certain Similasan homeopathic drugs in all sizes and package iterations for personal or household use between February 10, 2008 and April 12, 2017, may be eligible for payments under the settlement terms and are advised to carefully read the Class Notice as their legal rights may be affected whether they act or not. 

Class Members may submit a claim form with a declaration that they purchased a class product that did not provide any relief.  Alternatively, class members may submit a proof of purchase for each class product purchased.  Claimants without a proof of purchase are limited to one claim and may receive payments estimated up to $10 and $30.  Claimants with a valid proof of purchase may submit a claim for each class product purchased.  The amount class members actually receive may be higher or lower than the amount they claim depending on the number of claims received.  To receive money from the settlement, class members must submit a valid claim form within 30 days of the date the court grants final approval to the settlement, or by September 7, 2017.  Claims can be filed online at the class website, www.SimilasanClassActionSettlement.com.

Class members who wish to exclude themselves from the settlement, comment on the settlement, or object to the settlement, must do so by July 8, 2017.  Class members who do nothing will not receive a payment and are bound by the Court's decision.

Your rights and options – and the deadlines to exercise them – are only summarized in this press release. It is only a summary of the full class action settlement.  A Detailed Notice describes, in full, how to file a claim, object, or exclude yourself, and provides other important information.  For more information and to obtain a Detailed Notice, claim form or other documents, visit www.SimilasanClassAction.com, call toll-free 1-855-974-6452, or write to: Similasan Class Action, c/o Classaura, 1718 Peachtree St #1080, Atlanta, GA 30309.


To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/similasan-corp-proposed-class-action-settlement-300451134.html