You Could Be Eligible to Receive a Payment from a Class Action Settlement if you Purchased or Sold Jewelry from Act II Jewelry, LLC Formerly Known As lia sophia
CHICAGO, Jan. 8, 2018 /PRNewswire/ -- The following statement is being issued by Siprut PC regarding the lia sophia Class Action Settlement.
A Settlement has been reached in a lawsuit alleging that Act II Jewelry, LLC f/k/a lia sophia ("Act II") breached its promise to provide a lifetime warranty, and that Act II harmed its sales advisors by misappropriating their customer information and making false statements to those sales advisors concerning the closing of its business. Act II denies these allegations and denies any wrongdoing. The Court has not decided who is right.
The settlement covers Class Members of one or more of the following Settlement Classes which include all individuals in the United States who: Customer Class – purchased jewelry from Act II between June 23, 2011, and December 1, 2014; Sales Advisor Class – sold at least $250 of jewelry for Act II between January 1, 2014, and August 17, 2014; New Sales Advisor Class – purchased initial starter kits from Act II between August 1, 2014, and December 1, 2014. In total, the classes contain approximately 4 million members. If the settlement is approved, a settlement fund of $6.7 million dollars will be created for distribution among those Class Members who submit Valid Claims, attorneys' fees, incentive awards, and settlement administration expenses.
To get a payment class members must submit a claim online or by mail by April 9, 2018. Customer and Sales Advisor Class Members' cash payments will depend on the amount of jewelry purchased or sold from Act II, and the total number of Valid Claims filed. New Sales Advisor Class Members will receive a full reimbursement of the amount paid for his or her initial starter kit, which ranged from $99 to $149, subject to a cap on total recovery for the class.
Other Options. Class members that do not want to be legally bound by the Settlement's terms or who want to pursue their own case against Act II, must Opt Out of the Settlement by April 9, 2018, and will not get a payment from the Settlement. If a class member does not Opt Out, they may Object to the Settlement by April 9, 2018. The detailed notice available on the Settlement Website explains how to Opt Out or Object.
The Court will hold a Hearing on June 6, 2018 at 9:00 a.m. to consider whether to approve the Settlement and a request for attorneys' fees of up to one third of the $6.7 million Settlement Fund after settlement administration expenses (approximately $1,800,000) and incentive awards of $2,500-$7,500 to the Class Representatives. The Motion for Fees will be posted on the website after it is filed. You may appear at the hearing, at your own expense, but you don't have to. For more information, call or visit the website.
This is only a summary of the information related to the Settlement. For detailed information, about the Settlement, class member rights, and the benefits that may be available, visit: www.LiaSophiaSettlement.com or call 1-844-412-1945.
SOURCE Siprut PC
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