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Yes there was 20 million set aside, and it ended up getting settled in vouchers of a small amount per claim which would likely end up with people spending on top of the voucher value.....
Daytrade got it wrong yet again?
Can't he even regurgitate ancient news correctly?!
Wow trolls are getting desperate regurgitating ancient news.
From memory it has been settled in vouchers and has already been provisioned for.
Absolutely useless trolling
BrokeNSmoke
Posts: 330
Price: 33.62
No Opinion
"RE: Class action settlementToday 19:19
don't most retailers do this though. we have all bought in a sale, looked at the rrp and thought 'that's a load of *******s',"
I dare say there's a lady out there in "cornwall" thinking the same thing after getting married....
Wouldnt disagree Broke, trouble here is that Boo got their efforts called in and judged, after a long list of other indiscretions.
don't most retailers do this though. we have all bought in a sale, looked at the rrp and thought 'that's a load of *******s'
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Boohoo Agrees to Final Settlement of Class-Action Suit Alleging Bogus Discounts
BY KATE NISHIMURA
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APRIL 24, 2024 11:00AM
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Boohoo has agreed to a final settlement of a class-action lawsuit brought by U.S. shoppers.
BOOHOO HAS AGREED TO A FINAL SETTLEMENT OF A CLASS-ACTION LAWSUIT BROUGHT BY U.S. SHOPPERS. JUSTIN TALLIS / GETTY IMAGES
Boohoo has reportedly reached a final settlement in a protracted class action lawsuit brought by American consumers who claim that the British fast fashion firm employed false and deceptive pricing practices to drive sales.
Plaintiffs Laura Habberfield, Keona Kalu, Katie Runnells, Juanita Carmet Cachadina, Sarah Huebner, Yesenia Valiente, Veronica Walton, Lisa Murphy, Nicole Hill and Nicole Stewart filed the class action complaint against Boohoo on June 22, 2022, alleging that the brand’s global e-commerce sites, along with owned entities like PrettyLittleThing and Nasty Gal, advertised “fake and inflated comparison reference prices to deceive customers into a false belief that the sale price is a deeply discounted bargain price.”
The suit said that shoppers who visit Boohoo’s site during one of its blowout 50-percent-off sales and purchase a dress “on sale” for $20 based on a crossed-out reference price of $40 are being bamboozled. “This is deception because that dress has rarely, if ever, been sold in the recent past on the site for $40,” the suit said. In other words, Boohoo’s sales “aren’t really sales at all,” it added—“They are a scam.”
According to the complaint, the defendants engaged in the “deceptive advertising and pricing scheme” in order to “lure unsuspecting customers into jumping at a fake ‘bargain.’” As a result, the plaintiffs argued they were swindled into shelling out on items they wouldn’t have otherwise purchased.
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Reuters reported this week that the fast-fashion e-tailer confirmed that the settlement—which was agreed upon in preliminary terms in November—was finalized last Tuesday. Boohoo said it would “move forward without admission of liability and within its existing legal provisions,” which amounted to 17.8 million pounds ($22.4 million) as of Feb. 28, the outlet said.
According to the final settlement agreement, each of the named plaintiffs
Few more quid disappearing from the coffers.
https://sourcingjournal.com/topics/business-news/boohoo-final-settlement-class-action-lawsuit-usa-nasty-gal-habberfield-506639/