Fraud Power Balance Bracelets Forced to Pay $57 Million in class action suit…

11-22-2011 | 0 Comments | Izzoiz

When i first heard about these bracelets, it did not take a rocket scientist to figure out they were bullshit…Lols…

Power Balance — the company that allegedly duped athletes into believing its bracelets could provide super-human strength — is about to take a $57 million dollar hit in a lawsuit filed by people who called BS on the product … TMZ has learned.

As we previously reported, a class action suit was filed in federal court in L.A. back in January … alleging consumers were duped into believing the hologram-embedded band was scientifically proven to enhance balance, flexibility and strength. There was just one small problem — there was never any hard evidence to back those claims.

Now, sources with direct knowledge of the situation tell TMZ … the company has reached a settlement worth $57.4 million, intended to compensate all those who were misled into buying the product.

via Power Balance Bracelets Lawsuit — Forced to Pay $57 Million, Expected to Close Shop | TMZ.com.

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