Boiron To Pay Up To $12M To End False Advertising Suits
By Keith Goldberg (March 7, 2012, 1:47 PM EST) -- French homeopathic medicine giant Boiron Inc. agreed on Tuesday to spend up to $12 million to settle several putative consumer class actions claiming it falsely advertised the benefits of its homeopathic remedies.
Boiron will put up $5 million to cover consumers seeking refunds on Boiron products they purchased, according to the proposed settlement filed in California federal court. Refunds are capped at $100 per household, the settlement said.
Boiron also agreed to make changes to the labeling of its products, including adding a disclaimer stating that their uses have not been evaluated by the U.S. Food and Drug Administration and an...
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