Michael Kors Discounts
August 2015: A federal judge preliminarily approved the settlement of this false advertising lawsuit. A final approval hearing is scheduled for January 7, 2016. For more information, go to https://www.michaelkorsoutletsettlement.com/.
June 2015: The parties moved for preliminary approval of a $4,875,000 settlement of this false advertising class-action lawsuit. The settlement fund will be used to pay attorneys’ fees, service awards to named plaintiffs, administrative costs, and class members. The amount paid to class members will depend on a number of factors, including the number of class members who submit a valid claim form. In addition, the store either will:
- Replace “MSRP” with “Value” on price tags for the outlet products and explain the meaning of the term “Value” to customers on display signs, or
- Not refer to a previous price of the product on the price tags made exclusively for the outlet stores.
July 2014: A class-action lawsuit was filed against Michael Kors (USA), Inc. for allegedly misleadingly representing discounts on outlet products. According to the complaint, the price tags of Michael Kors outlet products compared the outlet price to false retail prices to make the discount appear more substantial than it actually was. (Gattinella et. al v. Michael Kors (USA), Inc.; Michael Kors, LLC; Michael Kors Retail, Inc.; and Michael Kors Stores, LLC, Case No. 14-cv-5731, S.D. NY.).
For more information about other class-action lawsuits filed against Michael Kors and TINA.org’s coverage of the company, click here.
For more information about other class-action lawsuits regarding the advertising of discounts and TINA.org’s coverage of the issue, click here.
To learn more about the deceptive advertising of sales, click here to read TINA.org’s article, The Price Is (Not Necessarily) Right.