Hydroxycut Users Settle For Less In $14M False Ad MDL Deal
By Lance Duroni (April 22, 2014, 8:29 PM EDT) -- The maker of recalled weight-loss supplement Hydroxycut and several retailers who sold the product have reached a $14 million settlement resolving a host of false advertising class actions, according to court documents filed Monday, replacing a significantly larger deal that the court rejected last year.
Iovate Health Sciences Inc., nine retailers including Wal-Mart Stores Inc., and the plaintiffs filed a joint motion to approve the settlement in California federal court, where the class actions are being heard in multidistrict litigation alongside personal injury suits over Hydroxycut.
Under the deal, which will resolve allegations that the defendants touted Hydroxycut as a safe...
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