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SOME Americans could get money from a false advertising settlement soon.
Those who get the direct payment must’ve bought a popular furniture product.
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The opportunity comes after a class action lawsuit against Saatva, an online luxury mattress retailer.
Plaintiffs in the suit claimed that Saatva did not correctly represent sales and discounts on mattresses on its website, making customers think they paid less for products when they did not, per a website created for the case.
The alleged false advertising violated state laws in California and Oregon.
While Saatva did not admit to any wrongdoing, it agreed to a $11.5 million settlement pot to resolve the claims and avoid further legal costs.
Shoppers who meet at least three crucial requirements to get cash from the false advertising settlement.
ELIGIBILITY
First, they must’ve purchased one or more mattresses on Saatva’s website.
Those transactions must’ve also been made between the one-year window of May 23, 2020, and May 23, 2024.
Third, and most important, they must’ve been California or Oregon residents at the time of the purchases.
The time frame also changes slightly depending on the state.
California residents’ mattress transactions from Saatva must’ve been between May 23, 2020, and May 23, 2024.
For Oregon residents, the qualifying purchases would be only from May 23, 2023, to May 23, 2024.
Despite the requirements, no proof of purchase is required to prove customers bought the mattresses to benefit.
That’s because customers who can get money from the settlement should’ve already been notified through mail or email.
FILING A CLAIM
The mail or email notice would include a Confirmation Code and Notice ID.
What’s a class-action settlement?
Class action lawsuits offer groups of people, or ‘classes,’ a way to band together in court.
These suits are often brought by one or a few people who allege a company or other entity has wronged a large group of people.
When a suit becomes a class action, it extends to all “class members,” or people who may have similar complaints to those who filed the suit.
Companies often settle class actions – offering payment to class members who typically waive their right to pursue further legal action by accepting money.
These payout agreements frequently include statements by the defendant denying wrongdoing. Companies tend to settle class actions to avoid the costs of further litigation.
Pollution, discrimination, or false advertising are a few examples of what can land a class action on a company’s doorstep.
The information can then be entered on a website created for the Saatva settlement to file a claim form for a share of the $11.5 million pot.
Valid claim forms must be filed by October 27, 2024.
Prospective claimants should be aware of other looming deadlines in the case, including the final date for exclusion or objection of September 27, coming in just days.
A final approval hearing for the case is set for November 13, 2024.
PAYMENT
An estimated payment amount of $115 per class member was provided for the settlement.
There’s also an option for the same amount in a store credit voucher to be used on Saatva’s website.
Americans should remain aware of other settlements with upcoming deadlines.
Some could be eligible for a check from a $152.2 million price-fixing settlement if they file a claim by December.
Others could get a one-time distribution from a $115 million privacy settlement if they act by October.
