Shoe company reaches settlement with FTC over misleading ads
A fitness shoe company has agreed to a multimillion dollar settlement with the Federal Trade Commission after charges that the company misled consumers.
Skechers agreed to pay $40 million when questions arose over its claim that its toning sneakers would help consumers lose weight and tone their bodies without ever going to the gym. The settlement will be used to provide refunds to buyers of Shape-ups and other toning sneakers.
According to David Vladeck, director of the FTC’s Bureau of Consumer Protection, the settlement is believed to be the largest ever involving consumer refunds. (more…)
