Red Bull For Everybody! Judge OKs $13M False Ad Settlement

Law360, New York (May 1, 2015, 5:37 PM EDT) -- Red Bull GmbH got clearance from a Manhattan federal judge Friday to give away millions of cans of its drinks, and cut more than a million checks for $4.23 each, to 2 million consumers who queued up for $13 million in proceeds from two class actions alleging the company falsely claimed its beverages have more benefit than coffee.

U.S. District Judge Katherine Polk Failla signed off on the deal despite expressing concerns that, with so many people having come forward since the settlement was proposed, a payout capped at $13 million for injured consumers left individual claimants with 42 percent less...

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