This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Consumers May Claim Rawlings Power Balance Settlement Benefits

MINNEAPOLIS, Nov. 9, 2013 /PRNewswire/ -- Dahl Administration, LLC announces a settlement has been reached in a class action lawsuit against Rawlings Sporting Goods Company, Inc., ("Rawlings") on behalf of consumers that purchased Rawlings-Power Balance products between March 1, 2010 and October 11, 2013.  The products involved in this settlement are: Rawlings Power Balance Bracelets (wristbands) that contain the brand name "Rawlings" and a "Power Balance" logo, emblem or hologram; and Rawlings Power Balance Non-Bracelet Products including necklaces, batting gloves, catcher's equipment, and other apparel that contain the brand name "Rawlings" and a "Power Balance" logo, emblem or hologram. Shortly after "final" court approval of the settlement, Rawlings will distribute refunds to consumers who, depending on the product, return their products or provide proof of purchase.  Eligible consumers of Rawlings-Power Balance products may fill out an on-line claim form.

WHAT IS THIS CASE ABOUT?

The plaintiffs claim that Rawlings violated consumer protection laws and was unjustly enriched by making false and misleading claims to consumers about the Rawlings Power Balance products. Rawlings denies these claims. The Court did not decide in favor of plaintiffs or Rawlings. Instead, both sides agreed to a settlement.

WHAT CAN YOU GET FROM THE SETTLEMENT?

You may request refund for any authentic Rawlings Power Balance Bracelets and or Rawlings Power Balance Non-Bracelet Products that you have purchased since March 1, 2010.  By going to the settlement website you will be able to complete a claim form to register for a refund.  Refunds will be provided as follows:

i. If you make a Valid Claim, return an authentic Rawlings Power Balance Bracelet (wristband) and submit proof of purchase for the bracelet from an authorized seller of authentic Rawlings Power Balance Products, you will be entitled to receive up to 100% of the retail price for the returned bracelet(s), plus shipping costs in the amount of $2.00 per bracelet.

ii.  If you make a Valid Claim, return an authentic Rawlings Power Balance Bracelet, but do not submit proof of purchase for the bracelet from an authorized seller of authentic Rawlings Power Balance Products (a list of such sellers will be posted on the settlement website), you will be entitled to receive $16.50 per bracelet, plus shipping costs in the amount of $2.00 per bracelet.

iii. If you make a Valid Claim and submit proof of purchase for an authentic Rawlings Power Balance Non-Bracelet Product (necklace, batting glove, catcher's equipment, or other apparel) from an authorized seller of authentic Rawlings Power Balance Products, you will be entitled to receive $10.00 per product.

Rawlings will fund a Settlement Fund of at least $50,000 (the "guaranteed amount") and, if the valid claims exceed $50,000, up to a maximum of $130,000.  If the total value of valid claims submitted by you and other claimants exceeds $130,000, then the amount of reimbursement per product will be adjusted downward on a pro rata basis. If the total value of the valid claims does not exceed the guaranteed amount of $50,000, the unclaimed portion of the guaranteed amount will be distributed to charities.

Although Rawlings previously discontinued making statements regarding the ability of Rawlings Power Balance products to provide certain benefits, it has also agreed to not to recommence making such claims again in the future in the marketing and advertising of Rawlings Power Balance products.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,928.20 -142.20 -0.79%
S&P 500 2,089.46 -25.03 -1.18%
NASDAQ 4,939.3270 -77.6020 -1.55%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs