UpFront

HSN AGREES TO SETTLE CLASS-ACTION LAWSUIT The Home Shopping Network has agreed to post $2.5 million in cash and coupons to settle a 1991 class-action lawsuit by three Pennsylvania residents who claimed the network inflated the appraised value of its diamond and cubic zirconia jewelry to sell at an apparent discount. The agreement covers anyone who bought diamond or CZ jewelry from HSN between Dec. 27, 1984, and May 20, 1991. About 400,000 past and current HSN customers in Pennsylvania are being informed of the settlement by mail and by advertisements in major state newspapers. A Pennsylvania woman filed the original lawsuit in 1990. It was consolidated with a similar suit filed in 1991 by a Pennsylvania couple. HSN denies it improperly inflated the value of its jewelry, says HSN attorney Laurence Shiekman, and the agreement specifically says the settlement isn't an admission of l
JCK PRO

This content is exclusive to JCK Pro subscribers. Subscribe now to access this and much more with discount code GOPRO21 for $199 for an entire year of access (reg. $249).

SUBSCRIBE TO CONTINUE

Already a JCK Pro? Log in

A JCK Pro subscription is your all-access pass to people and resources on the
cutting edge of the retail jewelry industry, from the industry authority you
know and trust

Learn about the Perks of JCK Pro

Log Out

Are you sure you want to log out?

CancelLog out