The Costly Thread Count: Macy's Faces a Hefty $10.5 Million Settlement
Thread Count Controversy Costs Macy's a Multi-Million Dollar Legal Resolution.
Macy's, the world-known department store, has settled a class action lawsuit for a whopping $10.5 million. The legal dispute centered around their 'CVC' cotton sheets, which were supposedly labeled with an inflated thread count. The initial claim insisted that Macy's had falsely advertised these cotton sheets, overstating the actual thread count. Macy's, however, stands firm in denying any liability concerning these allegations but has conceded to the multi-million dollar settlement. It's worth noting that the court has not officially declared Macy's guilty of any misconduct.
The settlement includes anyone who purchased these specific cotton (CVC) sheets from a Macy's outlet across the United States. The sheets in question are those supplied by AQ Textiles. To qualify for a payment from the settlement, you must have made your purchase between November 8, 2013, and March 24, 2023.
What is the Settlement Amount?
Those eligible for the settlement will receive a cash payout of $2.50 if they don't possess a proof of purchase, limited to one claim per household. To be eligible, you must submit a legitimate and timely claim form. Here's a breakdown of the payment details for those who are eligible and submit timely and valid claim forms:
• With a proof of purchase, either through a receipt or verification from Macy's or AQ Textiles records, you can receive $7.50 per unit of CVC sheets purchased.
• Those without proof of purchase can claim $2.50 per household, provided they swear under the penalty of perjury that they purchased the qualifying products.
After the deduction of all legal expenses and administrative costs, the remaining funds from the Macy's class action settlement will be distributed on a pro-rata basis, dependent on the number of valid claims.
Do I Need a Proof to File a Claim?
No, you do not need to provide a proof of purchase to submit a claim in the Macy's cotton sheet class action settlement. But remember, those who can provide proof stand to receive a higher payment of $7.50 per unit claimed.
How to File a Claim?
To submit a claim and get your payment, follow the link below and submit a claim within 180 days after the "Effective Date". After deducting legal expenses and administrative fees, qualifying individuals could receive a portion of the $10.5 million settlement. Keep in mind that the timeline for class action payouts can vary. The effective date will be announced in the future, usually after the settlement has received final approval. For updates on the "Effective Date"” stay connected with this page or subscribe to our newsletter.
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Once the court gives its final nod to Macy's class action lawsuit, payments will be initiated after the resolution of any potential appeals. Given that the timeline for potential appeals is unpredictable, the payout process may take some time.
The final approval hearing is scheduled for October 30, 2023.
A Word of Caution on Filing Claims
Please be honest when submitting your claim. Any fraudulent information will result in your claim being rejected. By submitting this information, you're swearing to its truthfulness under penalty of perjury. Fraudulent claims not only harm the system but also unfairly affect those who truly qualify for the settlement. If you're unsure about your qualification status, you can visit the class action administrator's website below. Remember, Justice Mom is here to inform, not to administer class actions or provide legal services.
For claim form submission, please visit: CVCSheetSettlement.com
