Skechers' Class Damages Cap Suit Rejected By High Court

Law360, New York (November 7, 2011, 3:26 PM EST) -- The U.S. Supreme Court on Monday refused to hear shoe company Skechers USA Inc.'s case alleging a plaintiff purposely limited class damages in her proposed false advertising class action in order to avoid federal jurisdiction under the Class Action Fairness Act.

The plaintiff, who sued Skechers for alleged false advertising of its Shape-Ups toning shoes, filed a binding stipulation along with her complaint saying she would not seek more than $5 million for the proposed class of Arkansas consumers who bought the shoes.

The stipulation was...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.