CONSUMERS in California and Oregon could soon receive $115 payments from an $11.5 million settlement with Saatva, an online mattress retailer, over allegations of false advertising.
The settlement addresses claims that Saatva violated California and Oregon state laws by misleading customers with deceptive discount offers on their website.
The settlement resolves a class action lawsuit accusing Saatva of misrepresenting discounts on its mattresses.
According to the lawsuit, the retailer allegedly deceived customers into believing they were getting better deals than they actually were.
Although Saatva has not admitted to any wrongdoing, they have agreed to pay $11.5 million to resolve the claims.
PAYMENT ELIGIBILITY
The settlement benefits two groups of consumers.
California residents who purchased one or more mattresses from Saatva.com between May 23, 2020, and May 23, 2024.
Oregon residents who bought a mattress between May 23, 2023, and May 23, 2024.
If you fall into one of these categories, you could receive a $115 payment.
You can also get a store credit voucher as part of the settlement.
HOW TO GET PAID
To receive benefits, eligible consumers must submit a valid claim form by October 27, 2024.
No proof of purchase is required, making it easier for class members to claim their share.
The deadline to opt out or object to the settlement is September 27, 2024.
A final approval hearing is set for November 13, 2024.
This settlement is a win for consumers who were misled by advertising practices.
What’s a class-action settlement?
Class action lawsuits offer groups of people, or ‘classes,’ a way to band together in court.
These suits are often brought by one or a few people who allege a company or other entity has wronged a large group of people.
When a suit becomes a class action, it extends to all “class members,” or people who may have similar complaints to those who filed the suit.
Companies often settle class actions – offering payment to class members who typically waive their right to pursue further legal action by accepting money.
These payout agreements frequently include statements by the defendant denying wrongdoing. Companies tend to settle class actions to avoid the costs of further litigation.
Pollution, discrimination, or false advertising are a few examples of what can land a class action on a company’s doorstep.
It’s an easy way to claim a benefit if you’re eligible.
To file your claim, visit the settlement website and submit your information before the deadline.
All you have to do is submit a form online.
There are more settlements to look into if you don’t meet the eligibility criteria for Saatva.
Select AT&T customers may be qualified to get money from a data breach settlement.
Plus, Home Depot is set to pay a $2 million settlement after overcharging customers.
