Under The Influence: Prediction Markets Are Harnessing Modern Joe Camels
Brant James, Ingame
January 2017: A federal judge granted final approval of the settlement.
September 2016: A federal judge preliminarily approved a settlement of a class-action lawsuit against Floor and Décor Outlets of America. The 2015 complaint alleges, among other things, that the company marketed laminated wood flooring as “California CARB Compliant” when, in reality, the flooring contained more formaldehyde than the CARB regulations allow. According to the settlement terms, class members who did not return the flooring may receive a $1.50 cash refund per square foot of flooring or a $3 store credit per square foot of flooring, subject to certain limitations. A final fairness hearing is scheduled for January 10, 2017. (Smith et al v. Floor and Décor Outlets of America, Inc., Case No. 15-cv-4316, N. D. GA.)
For more information about the marketing of flooring, click here.
Brant James, Ingame
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