Ferragamo Belt Buckles
Allegations: Misleadingly marketing products as luxurious and high quality when they tarnish and discolor due to a defect
April 2018: Plaintiffs moved for preliminary approval of a proposed settlement agreement. According to its terms, class members may receive a share of a $1,625,000 net settlement fund, the exact amount depending on a number of factors, including the amount spent on purchases and whether there is proof of the purchases. In addition, the company agreed for
a period of two years to add disclosures with more information about comparison pricing to its website and signs in its stores, as well as provide pricing policies and practices training to employees.
April 2017: The Ninth Circuit Court of Appeals reversed the district court’s dismissal of claims finding that the allegations were sufficient to state a claim and remanded the case for further proceedings.
May 2015: A federal judge dismissed claims in this action finding that the complaint did not identify any specific statements that were false or misleading.
September 2014: This case was transferred to federal court. (Case No. 14-cv-7155, C.D. Cal.)
August 2014: A class-action lawsuit was filed against Neiman Marcus for allegedly misleadingly advertising the discounts at outlet stores. According to the complaint, the price tags compare the outlet store price to a higher traditional retail store price when, in reality, the item was never sold at the traditional store. (Rubenstein v. The Neiman Marcus Group LLC, Case No. BC554133, Superior Court of the State of California).
For more information about other class-action lawsuits against Neiman Marcus and TINA.org’s coverage of the company, click here.
For more information about other class-action lawsuits regarding the advertising of discounts and TINA.org’s coverage of the issue, click here.
To learn more about the deceptive advertising of sales, click here to read TINA.org’s article, The Price Is (Not Necessarily) Right.
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