Discounts at Ann Taylor Outlet Stores
May 2018: An objector filed a Notice of Appeal regarding the decision to approve the settlement agreement.
April 2018: A federal judge granted final approval of the settlement agreement.
December 2017: A federal judge preliminarily approved a settlement agreement. According to the terms, class members may elect to receive a $5 cash payment or a $12 voucher to use toward purchases in Ann Taylor Factory or LOFT outlet stores. In addition, the stores agreed their pricing and labeling practices will not violate federal and state law and to accurately label new merchandise as being from Ann Taylor Factory stores, LOFT outlet stores, or other store of origin. A final fairness hearing is scheduled for April 19, 2018. For more information, go to http://www.annpricingsettlement.com/.
May 2017: The parties informed the Court that they reached a settlement agreement and are finalizing the settlement in order to file a joint motion for preliminary approval.
May 2016: A class-action lawsuit was filed against Ann Inc. and Ascena Retail Group for allegedly deceptively representing discounts at Ann Taylor retail outlet stores. The complaint claims that the represented discounts were “phantom markdowns” because the original prices were “artificially inflated,” were never the original price for the item, and were not the prevailing retail price within the three months immediately before the advertisement, as required by California law. (Morrow et al v. Ascena Retail Group, Inc. and Ann Inc., Case No. 16-cv-3340, S. D. NY.)
For more information about other class-action lawsuits regarding Ann Taylor stores and TINA.org’s coverage of them, click here.
When a complaint is dismissed without prejudice, an amended version of the complaint can be refiled.