Oreck Pays $2M To Clean Up Germ-Killing Vacuum Ad Row

Law360, New York (April 07, 2014, 8:14 PM ET) -- A Tennessee bankruptcy judge on Monday signed off on a settlement, worth as much as $2 million, of a multidistrict litigation class action accusing Oreck Corp. of false advertising over claims its vacuum cleaners could purify the air of germs.

U.S. Bankruptcy Judge Keith M. Lundin granted the putative class a general unsecured claim of $2 million if the various estates of the Oreck entities are substantially consolidated in full satisfaction with all claims, and a $1.5 million claim against three Oreck companies if no such...
To view the full article, register now.