The Lia Sophia jewelry company has agreed to pay $6.7 million to settle a lawsuit filed by customers and sales advisors. The company was allegedly in violation of the Illinois Consumer Fraud and Deceptive Practices Act and stopped honoring its lifetime replacement guarantee. The lawsuit alleges that the owners knew they were planning to shut down the direct sales business, even months before the closure was announced. The suit claims that the company intentionally misled consumers about the lifetime replacement guarantee, which made them feel cheated out of their money.
The Lia Sophia class action lawsuit has been filed against the company by former sales advisors who claim that the company used customer information for marketing purposes, including misleading the public about the closure of direct sales. A former sales advisor claims that the company continued recruiting new sales associates after the company shut down direct selling. The new sales associates had to purchase starter kits that cost between $99 and $149. The lawsuit alleges that the company lied about this guarantee, and misinformed employees and customers about the terms of the guarantee. The settlement has been due to close by April 9, 2018.
The settlement fund will cover all compensation claims for former sales advisers.
The payments will be determined by the claims received and the number of sales. Additionally, the new sales advisors will be reimbursed for the cost of their starter kits. The company is also being sued by Cynthia West, who claims that she made about $20,000 in jewelry between January and August 2014. She made 20 to 30 percent commission on her sales and had to postpone her retirement to take care of her family’s needs.
The settlement includes approximately 4 million Lia Sophia customers. The company has already settled the claim against the company. The money will go towards compensating customers and sales advisors. The settlement includes the entire Class, and a few new sales advisors will also receive compensation. It will cover the costs of start-up kits. It is worth noting that this settlement will not be a complete resolution for the lawsuit.
In addition to the $6.7 million settlement, the Lia Sophia class action settlement also includes more than $3 million for the company’s employees.
The settlement fund will be used to pay for the expenses of the former sales advisers and the attorneys for the class. The remaining funds will be divided among the class members who were eligible for the compensation. This lawsuit has also helped the sales advisors who were unable to sell the jewelry to customers.
The Lia Sophia settlement includes more than 4 million customers. It also includes 19,069 sales representatives. Act II has also settled a separate lawsuit with customers in a related lawsuit. These individuals claim that the company violated their rights under the Lia Sophia warranty. They have been unable to return the product for a replacement. This settlement is a good opportunity for them to get compensation. If you purchased a Lia Sophia necklace, you should contact the company’s legal representative to discuss your rights.
The Lia Sophia settlement covers all the customers and sales advisors who were harmed by the company’s fraudulent practices. The settlement covers the entire liability of Lia Sophia. In addition to the customers, this settlement also addresses the new sales advisors. It is expected that the Class Action Agreement will cover the aforementioned issues. However, it should also provide relief for consumers who have been harmed by the company.
The Lia Sophia class action lawsuit is aimed at both sales advisors and consumers.
It claims that the company abused customer information about its plans to shut down direct sales. Its business also ceased operations in the United States by late February. Despite the settlement, the lawsuit continues. The company is not paying its employees’ salaries or the compensation it is due to its customers. It has also settled the case with consumers.
The Lia Sophia class action lawsuit has a large settlement fund for its customers and sales representatives. The $6.7 million will be used to pay class representatives’ attorney’s fees and settlement administration expenses. The remaining funds will be divided among the valid class members. In addition to the customers, the lawsuit also benefits the sales advisers and Lia Sophia. Its new sales advisers will receive compensation for their time and efforts, and the customer will receive reimbursements for the start-up costs.