SoulCycle Plans To Settle Gift Card Suit

Law360, New York (April 24, 2017, 4:19 PM EDT) -- A proposed class of consumers in a suit claiming SoulCycle Inc. sells illegally expiring gift certificates has reached an agreement in principle to settle with the company, according to a status report filed in California federal court on Friday.

SoulCycle and proposed class representative Rachel Cody filed a joint status report following an April 19 mediation session, saying that they had come to an agreement over a settlement. The report said they are working together on a final version of the agreement, and are also preparing a motion for preliminary approval of the settlement that they expect to submit on June...

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