SAN DIEGO, July 24, 2018 /PRNewswire/ -- A proposed settlement has been reached in a class action lawsuit involving LangPharma Nutrition, Inc., a manufacturer of CoQ-10 supplements, and Wal-Mart Stores, Inc., CVS Pharmacy, Inc., Walgreen Company, and Meijer Distribution, Inc, retailers. The settlement establishes a $1,306,000 fund of cash
On July 6th, 2018, California Superior Court Judge Joel R. Wohlfeil preliminarily approved a settlement of a lawsuit between the above defendants and purchasers of certain Co-Q10 supplements. The lawsuit alleged that Defendants violated certain laws by misleadingly labeling or falsely advertising their CoQ-10 supplements as being more effective than they are and has having greater absorption rates then they do. Defendants deny the allegations and any wrongdoing and maintain that the products are effective and achieve the stated absorption rates. The Court did not rule in favor of Plaintiffs or Defendants. Instead, because of the complexity and uncertainty of litigation, the parties compromised and negotiated and agreed to a proposed settlement in order to avoid the expense and risks of continuing with the lawsuit.
The proposed class settlement provides $1,306,000 in relief. This relief will be comprised of three parts: (1) $656,000 cash fund; (2) $650,000 in products credits; and (3) mandatory disclosures on the product labels.
Class members, who purchased certain Lang Pharma Nutrition CoQ-10 supplements at Wal-Mart, CVS, Walgreens, and Meijer stores between July 1, 2013 and July 24, 2018, may be eligible for a partial refund or product credits under the settlement terms and are advised to carefully read the Class Notice as their legal rights may be affected whether they act or not. The covered products are listed below:
Class Members who file a valid claim form must choose between a partial cash refund of $3.50 or a product credit valued at $12.50 that may be used at a designated Lang Pharma website within 60 days. The amount of the cash refund and the product credit are estimates and may increase or decrease depending on the number of valid claims made by class members. Claims can be submitted online at the class website www.Q10Settlement.com. Claims must be submitted by September 4, 2018.
Class members may request to be excluded from the class ("opt out" of the settlement), comment on the settlement, or object to the settlement, but must do so by September 4, 2018. Class members who do nothing will not receive any payment but will bound by the Court's decision.
Your rights and options – and the deadlines to exercise them – are only summarized in this press release. It is only a summary of the full class action settlement. A Detailed Notice describes, in full, how to file a claim, object, or exclude yourself, and provides other important information. For more information and to obtain a Long Form Notice, claim form, or other documents, visit www.Q10Settlement.com, call toll-free 1-866-532-6710, or write to: Q10 Settlement Class Action Administrator, c/o Classaura Class Action Administration, 1718 Peachtree St #1080, Atlanta, GA 30309.
View original content:http://www.prnewswire.com/news-releases/coq-10-class-action-settlement-300686138.html
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