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Settlement Proposed in Cold MD Dietary Supplement Class Action


This is a settlement for the Food/Drinks lawsuit.

A notice program authorized by the Los Angeles County Superior Court began over the weekend to alert those who purchased Cold MD dietary supplement from March 26, 2004 through May 29, 2009 about a proposed settlement against Iomedix Cold International SRL ("Defendant"). The notice is a result of the Court certifying, on May 29, 2009, a plaintiff class in a lawsuit alleging that Defendant made misleading or false statements about Cold MD dietary supplement.

The lawsuit, Eduardo Salcido, et al. v. Iomedix Cold International SRL, Case No. BC 387942, claims Defendant made false and misleading statements in their labeling and advertising of Cold MD dietary supplement. The settlement includes only the Cold MD dietary supplement, which was packaged as "Cold MD" and had the words, "Dietary Supplement" printed on the lower right corner of the box it was sold in. The Settlement does not mean that Defendant did anything wrong, and the Court has not decided that Defendant did anything wrong.

All Class Members can submit claims online at: www.ColdMDSettlement.com or via U.S. mail. Each Class Member who provides a valid receipt or credit card statement showing they purchased Cold MD dietary supplement will be sent a check in the amount of $10.00 for each bottle purchased during the Class Period. Each Class Member who does not have a valid receipt or credit card statement showing they purchased the Cold MD dietary supplement, but who submits the Declaration included in the Claim Form saying that they purchased the product, will be sent a check in the amount of $5.00 for each bottle purchased during the Class period (up to a maximum of 3 bottles if the Claim Form is submitted online at www.ColdMDSettlement.com and up to a maximum of 6 bottles if the Claim Form is sent via U.S. mail).

In addition to submitting a claim form to ask for payment, Class members can ask to be excluded from, or object to the settlement. Claim forms must be postmarked no later than September 22, 2009. The deadline for exclusions and objections is August 24, 2009.

JULY-08-09: Settlement Proposed in Class Action Involving Cold MD Dietary Supplement [PR NEWSWIRE: SETTLEMENT PROPOSED IN COLD MD CLASS ACTION]

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Published on Jul-8-09


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