Law360, New York (August 25, 2011, 1:24 PM EDT) -- LG Electronics USA Inc. and Sears Holding Corp. said Wednesday they would pay up to $23 million to settle two proposed class actions in New Jersey claiming the companies falsely advertised refrigerators as Energy Star-compliant in violation of warranties.
According to the plaintiffs, French-door refrigerators that LG manufactured — and were sold under the LG name, as well as Sears' Kenmore brand — were not energy-efficient enough to merit the Energy Star labels placed on them.
A refrigerator must use at least 20 percent less electricity...
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