Settlement in Andesine-Labradorite Suit
Gary Roskin, G.G., FGA and Anthony DeMarco, JCK Senior Editors -- JCK Online, 10/23/2008 11:58:00 AM
Attorneys represented plaintiffs in a class action suit and Jewelry Television issued a joint statement saying they have reached a settlement in the case concerning the disclosure of andesine-labradorite.
In the lawsuit, Hurd v. America’s Collectibles Network, Inc., d/b/a/ Jewelry Television, No. 225508, plaintiffs have alleged that red and green andesine-labradorite gemstones advertised by JTV as highly coveted, extremely rare, and all natural, were in reality color enhanced, the statement reads.
"JTV has denied, and continues to deny, all allegations of wrongdoing and liability made in the lawsuit, and asserts that the representations it made about the gemstones were properly based on industry literature, representations and information from its suppliers, and gemstone laboratory reports from nationally accredited laboratories," according to the statement.
A spokesperson for Coleman and Edwards, P.C., Knoxville, Tenn., one of the two law firms for the plaintiffs, (the other is Wexler Wallace LLP, Chicago), told JCK that a Web site that displays the joint statement has been provided as part of the settlement agreement. Click here. Lead attorneys for the firms were unavailable for comment.
In the settlement, JTV did not admit to any wrongdoing. The company said in the statement that "settling the case rather than facing the continued cost and disruption of fighting a potential class action was in the best interests of the company, and would allow JTV to move forward with its continued commitment to its customers."
The statement went on to say that the plaintiff attorneys and their clients determined that the agreement is in the best interest of those who purchased andesine-labradorite from JTV during the period defined in the suit, "because it affords class members the opportunity to submit claims for cash refunds and JTV store credits."
The statement adds, "The settlement also provides for disclosures, consumer education, and training for JTV employees to make sure that future marketing of andesine-labradorite complies with all relevant rules and regulations."
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SOOOOO! If you want to get your money, you still have to spend 50% more to use it. Now,,,, tell me they are the ones that have been misled. We are getting double screwed on this settlement.'>This is how JTV settled!!! With settlement letter in hand I READ!
As specied in the Stipulatiion of Settlement, 40% of the balance of Your Approved A-L Option1 Claim Amount( after deducting the check amount) will be available to you in store credit.The store credit amount will be payable over four quarters, meaning 25% every three months, beginning as of Jan. 1, 2010. the amount of store credit issued each quarter must be used in that quarter or IS LOST! The store credit can be applied toward FIFTY %(50%) of the purchase price of any newly purchased items from JTV. The store credit may not be used with any other discounts. ALSO, purchases made with store credit are final and not subject to JTV'S normal return policies. Store credit is available only through orders place by phone through the call center.
SOOOOO! If you want to get your money, you still have to spend 50% more to use it. Now,,,, tell me they are the ones that have been misled. We are getting double screwed on this settlement.
Terri Nelson - 2009-27-10 15:09:16 EDT -
