Business

Toning-shoes case settled for $40m

LOUISVILLE, Ky. — A federal judge approved a $40 million class-action settlement Monday between Skechers USA Inc. and consumers who bought so-called toning shoes after advertisements made unfounded claims that the footwear would help people lose weight and strengthen their muscles.

US District Judge Thomas B. Russell approved the deal, which covers more than 520,000 claims. About 1,000 people eligible for coverage by the settlement opted not to take part.

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Those with approved claims will be able to get a maximum repayment for their purchase — up to $80 per pair of Shape-Ups, $84 per pair of Resistance Runner shoes, $54 per pair of Podded Sole Shoes, and $40 per pair of Tone-Ups.

Russell also awarded $5 million for the attorneys in the case to split. Russell ordered that the money not come from the $40 million settlement fund set aside for the benefit of consumers.

Two people who served as the lead plaintiffs in the case will receive payments of $2,500 each.

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