Financial Recovery Strategies (FRS) Is Helping Class Members File Their Claims for Purchases of Certain Products Containing Polyurethane Foam

SOUTH HACKENSACK, N.J., Sept. 4, 2015 /PRNewswire/ --

POLYURETHANE FOAM INDIRECT PURCHASER CLASS ACTION SETTLEMENT
This is not an official Court Notice.
Please understand that you have the right to file claims on your own.

If you or your business purchased Flexible Polyurethane Foam from January 1, 1999 through August 1, 2015, you may be entitled to participate in the $151,250,000 in class action settlements if:

• You purchased one or more products, such as upholstered furniture (e.g., a couch with foam cushions), carpet underlay (foam padding) or bedding products (e.g., a foam mattress or pillow) that contain flexible polyurethane foam from a store or company other than the Defendants; and
• The product was manufactured in the United States; and
• You were the end-user of the product, meaning that you did not buy it for resale to someone else; and
• You made your purchase in AL, AZ, CA, CO, DC, FL, HI, IL, IA, KS, ME, MA, MI, MN, MS, MO, NE, NV, NH, NM, NY, NC, ND, OR, RI, SD, TN, VT, WV, or WI.

About the Class Action:  Several class action lawsuits were filed in 2010 alleging that the defendants conspired to raise and fix the prices of flexible polyurethane foam.  Those lawsuits were consolidated in December 2010 in the Northern District of Ohio.  The class settled with defendants Domfoam and Valle in 2012 for no monetary value in exchange for their cooperation in litigating against the other defendants; the court granted approval of those two settlements in April 2015.  Since then, the class reached nine additional settlements totaling $151,250,000, as follows: Carpenter ($63.5 million); FFP ($2.75 million); FXI ($9 million plus an additional $500,000 solely for the costs of providing notice to the class and for administration of the settlement); Future Foam ($10.5 million); Hickory Springs ($10.25 million); Leggett ($26.5 million); Mohawk ($16 million); Vitafoam ($2.75 million); and Woodbridge ($9.5 million).  The court preliminarily approved those nine settlements, which now are pending the Court's final approval.  The settlement funds (less expenses, noticing costs and fees) will be distributed to the class at the completion of a claims process.  You may obtain more information about the class action and about the settlements by contacting class counsel or the claims administrator, or by visiting the court-approved website at www.polyfoamclassaction.com.

The Services FRS Provides:  If you hire FRS and become an FRS client, we will work within your guidelines to manage the claims process: FRS will work on your behalf to enhance the likelihood that all of your eligible business units (e.g., subsidiaries, divisions, acquisitions and divestitures) are included in the claim process; we will provide advice on what, if any, documents need to be collected and maintained, and, when requested, we will assist in that effort; to reduce the support needed from your in-house staff when required documents are not available or are too burdensome to collect; we will negotiate on your behalf, where possible, to develop alternate means to satisfy documentation requirements; we will prepare, assemble and submit your claim package, and manage it throughout the claims processing phase, including working with you to address any concerns or questions the claims administrator may have; we will provide regular updates on the recovery process and all related developments; we will audit your payment to assure that it has not been under calculated; we will follow up with you to assure that your recovery check is deposited; and we also will notify you when we learn of other settlements that may be valuable to you.  FRS's recovery specialists are always available to answer any questions you may have.  FRS is paid an agreed-upon contingent fee only from the recovery we obtain on your behalf, and we cover all expenses.

About FRS:  Founded in 2008, FRS is a leading asset recovery and cost reduction firm that specializes in, among other services, class action settlement claims recovery.  FRS's management and staff have decades of experience in class action claims recovery and administration, and FRS tracks dozens of settlements per year to assure that its clients, while keeping client time to a minimum, participate in as many settlements as possible.  We provide our clients with industry-leading asset recovery and cost reduction services, without any risk or expenses, while adhering to the highest level of professional ethics and standards.  Over 15,000 clients, from small business owners, on the one hand, to household names in the "Fortune 500," on the other, have trusted FRS with their asset recovery and cost reduction matters.  FRS has earned that trust by recovering over a $100 million dollars in class action settlements and other recoveries.  FRS also provides customized cost savings programs designed to efficiently manage its clients' expenses.

You have the right to file a claim on your own and to not hire FRS to participate in the monetary relief provided by the above-referenced settlements. FRS believes, however, that there are services that we provide that may increase your recovery and that are unlikely to be provided by the claims administrator or by class counsel.

For more information please visit our website at www.financialrecoverystrategies.com or call (201) 853-0300.

Press Contact:  
Paul Cuva, Vice President, 201-853-0300 [email protected]

Multimedia Contact:
James Goldmark, 917-642-6923 [email protected]

SOURCE Financial Recovery Strategies

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