Skechers Toning Shoes FTC Settlement
Skechers toning shoes recently became of hot topic on podiatry sites due to the settlement that they made with the FTC for $40 million:
If Skechers thought they weren’t going to possibly lose their multiple lawsuits, then they wouldn’t be shelling out $40,000,000.00. It’s always a delight to see when these shoe companies who make unsubstantiated marketing claims get hit right where it hurts them most…..in their wallets! More from Podiatry Arena
There has been a lot of interest in the blogosphere about the settlements with the Federal Trade Commission in the USA and the number of class action law suits filed against brands in the fitness or exercise shoe category of footwear. Reebok settled with the FTC for $25 million. Skechers are facing a number of class action suits and just settled with the FTC for $40 million. Vibram Five Fingers are facing a class action case. None of the class action cases have been settled yet and both Reebok and Skechers are still denying any liability but settled with the FTC to avoid protracted hearings and the uncertainty associated with that. Vibram FiveFingers have indicated that they will vigorously defend the class action. More From Professor of Life
Skechers continue to deny any liability and settled as it was a better alternative for the company to move forward. They are still facing a number of class action suits.