JTV Andesine-labradorite Class Action Settlement Finalized
Knoxville, TN – The temporary settlement in the andesine-labradorite class action suit against Jewelry Television was finalized Jan. 14, 2009 by the Honorable Harold Wimberly, Jr., Circuit Court Judge, Knox County, TN.
A joint publicity statement by class counsel and JTV issued following the temporary settlement on Oct. 22, 2008, states, “In the Lawsuit, Plaintiffs have alleged that red and green andesine-labradorite gemstones advertised by JTV as highly coveted, extremely rare, and all natural, were in reality color enhanced. JTV has denied, and continues to deny, all allegations of wrongdoing and liability made in the Lawsuit, and asserts that the representations it made about the gemstones were properly based on industry literature, representations and information from its suppliers, and gemstone laboratory reports from nationally accredited laboratories.
The statement continues, “As part of the settlement agreement, JTV did not admit to any wrongdoing. The company determined that settling the case rather than facing the continued cost and disruption of fighting a potential class action was in the best interests of the company, and would allow JTV to move forward with its continued commitment to its customers.” The settlement also “affords class members the opportunity to submit claims for cash refunds and JTV store credits. The Settlement also provides for disclosures, consumer education, and training for JTV employees to make sure that future marketing of andesine-labradorite complies with all relevant rules and regulations.
Details of the settlement and a copy of the final order may be viewed at http://www.andesineclassaction.com/.