PHILADELPHIA, April 27, 2015 /PRNewswire/ -- The following statement is being issued by Heffler Claims regarding the Troy Eisner v. Natrol class action settlement.
IF YOU PURCHASED CERTAIN GLUCOSAMINE AND CHONDROITIN PRODUCTS IN THE STATE OF NEW YORK, YOU COULD RECEIVE MONEY FROM A CLASS ACTION SETTLEMENT
The detailed list of affected products is found on the website below.
A class action settlement has been preliminarily approved by the United States Bankruptcy Court, District of Delaware in Case No. 14-11446 (BLS), Claim No. 112. The action was initially titled Troy Eisner v. Natrol, and was transferred to the United States District Court, District of Maryland and consolidated with other matters under Case No. 1:14-cv-01869 (the "Action"). Your rights may be affected by this proposed settlement.
WHAT THE ACTION IS ABOUT
Plaintiff alleges that Leaf 123, Inc. (f/k/a Natrol, Inc.) manufactured and sold products containing glucosamine and/or chondroitin (the "Covered Products") using labels that had misleadingly stated that the products would help "rebuild cartilage tissue" and "promote optimal joint flexibility, lubrication, mobility and comfort" when they do not. Leaf 123 denies that it violated the law and believes that the Covered Products provide the benefits stated on the labels, but has agreed to a settlement to avoid the cost, disruption and risk of continued litigation. The Class is comprised of residents of the State of New York who purchased for personal use, and not resale or distribution, a Covered Product in the State of New York between October 23, 2009 and April 14, 2015. This is only a summary. Visit the website below for a complete list of Covered Products.
THE PROPOSED SETTLEMENT
Under the proposed Settlement, Leaf 123 has agreed to provide a total Settlement Fund of $8,522.63 (the total sales of Covered Products in the State of New York during the class period), as well as $25,000 in attorney's fees to Settlement Class Counsel, a $1,000 Incentive Award to Mr. Eisner, and all reasonable costs associated with notice and administration of this settlement. Leaf 123 has agreed to pay $20 out of the Settlement Fund to each Class Member who submits a Valid Claim. Each Class Member will be entitled to a single $20 payment, regardless of the number of Covered Products purchased, and will not be required to provide proof of purchase. If the aggregate value of all claims submitted exceeds the total Settlement Fund, then each Class Member will receive a pro rata distribution of the Settlement Fund. If the claims do not exhaust the Settlement Fund, the balance of the Settlement Fund will be paid to a charitable recipient to be mutually selected by the parties. If a Class Member does not affirmatively opt-out of the proposed Settlement, the Class Member's rights with respect to the claims alleged in the Action will be forever discharged once the settlement is approved by the Court.
WHAT YOU CAN DO
1. To Receive A Cash Award, you must submit a valid Claim Form online on the Settlement Website by June 17, 2015; or you may mail a valid Claim Form, post-marked by June 17, 2015, to:
c/o Heffler Claims Group
PO Box 58760
Philadelphia, Pa 19102-8760
Claim forms are available from the Settlement Administrator and on the Settlement Website.
2. To Exclude Yourself From The Settlement, you must submit to the Settlement Administrator a request for exclusion that is post-marked no later than June 17, 2015. The request for exclusion must be personally signed by you, contain a statement that indicates your desire to be excluded from the Settlement Class and contain a statement that you are otherwise a member of the Settlement Class and purchased one or more of the Covered Products. If you do not exclude yourself, you will be bound by the decisions of the Court.
3. To Object To The Settlement, you must file an objection with the Court, Settlement Class Counsel and Natrol's Counsel no later than June 17, 2015. Complete details on how to Object are found on the website below.
A final hearing will be held on June 22, 2015 at 10:00 a.m., to determine the fairness, reasonableness and adequacy of the proposed settlement and to award attorney's fees, costs and incentive awards. The motions for attorney's fees and costs and plaintiff's incentive award will be posted on www.EisnerNYglucosaminesettlement.com after they are filed. The final hearing will take place before the Honorable Brendan Linehan Shannon in Courtroom #1 of the United States Bankruptcy Court for the District of Delaware, 824 North Market St., 6th Floor, Wilmington, Delaware 19801. You may request to appear at the hearing, but are not required to do so.
Fore detailed information about the Settlement and your rights, including a complete description of the Covered Products, the full text of the Notice, a Claim Form, and a full copy of the Settlement Agreement, visit www.EisnerNYglucosaminesettlement.com.
PLEASE DO NOT CONTACT THE COURT OR THE CLERK'S OFFICE
SOURCE Heffler Claims