TAMPA, Fla., June 15, 2015 /PRNewswire/ -- The following statement is being issued by DLA Piper LLP regarding the Karlin Foods Corporation class action lawsuit.
If you purchased Walmart's Great Value All Natural Cornstarch for personal or household use in the United States, you may be entitled to a cash refund from a class action settlement.
A proposed settlement has been reached in a class action lawsuit about the labeling for Great Value All Natural Cornstarch (the "Product"). The lawsuit claims Great Value All Natural Cornstarch's labeling was false and deceptive in that it led purchasers to believe that the Product was "All Natural," when in fact it included genetically modified organisms ("GMO"). Karlin denies it did anything wrong, inasmuch as no state or federal regulation or agency prohibits the Product from being labeled as "All Natural" despite the presence of GMO in the product. However, Karlin has settled to avoid the cost and distraction of litigation. If you're a Class Member, you may receive $1 per unit purchased up to $2 without a proof of purchase or up to $8 with proof of purchase during the class period.
A federal Court authorized this notice. Before any money is paid, the Court will have a hearing to decide whether to approve the settlement.
Am I a Class Member? You're a Class Member if you purchased Great Value All Natural Cornstarch in the United States after August 22, 2010 up until the present.
What does the settlement provide? Settlement funds of up to $825,000 will be made available to reimburse Class Members for the Product they purchased and to pay case-related fees and expenses. Karlin has also agreed to remove the "All Natural" statement. Details about how much you may receive are available on the Claim Form below and at www.CornStarchSettlement.com.
What are my options? To ask for cash and remain in the Class, you must mail or submit a completed claim form online by September 28, 2015. If you do not wish to participate in the settlement, you may exclude yourself from the Class by July 30, 2015, or you may stay in the Class and object to the settlement by July 30, 2015. Visit the website for important information about these options. The Court will hold a hearing on September 14, 2015 to consider the settlement and Class Counsel's request for up to $160,000 in attorneys' fees and expenses. You don't have to attend the hearing. For more information, visit www.CornStarchSettlement.com.
SOURCE DLA Piper LLP