Almost exactly one year after reaching a $40 million settlement with the Federal Trade Commission regarding questionable health benefits attributed to Skechers’ Shape-Ups toning shoes, a U.S. District Court judge has finally signed off on the deal, allowing things to move on to the refund stage.
Skechers, which never admitted guilt in the case, was alleged to make false claims in its Shape-Ups ads, saying the sneakers would somehow aid in weight loss and that they targeted specific muscles. Making matters worse, one of the chiropractors quoted in Skechers ads just happened to be married to someone at the sneaker company.
The AP reports that about 520,000 people are expected to get refunds, ranging from $40 to $84 per pair of sneakers, depending on which particular kind was purchased. The lead plaintiffs in the case will each receive payments of $2,500. The attorneys for the plaintiffs will split $5 million, though that money is not supposed to come from the $40 million. Anything left over is slated to go into the FTC’s coffers.
According to the website set up for the settlement, refund checks will likely not go out until late summer. The deadline for claiming eligibility has passed, so if you didn’t file, it’s too late.
In 2011, the FTC reached a similar $25 million settlement with Reebok. Checks for affected customers in that case began going out in the summer of 2012.