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Skechers, the go-to brand for cheerleader sneakers, is facing a federal class-action lawsuit over allegedly exaggerating the health benefits of its hot-selling Shape-Ups line and reaping "millions ...
Skechers was founded in 1992 by Robert Greenberg, who had previously founded LA Gear in 1983 (he stepped down as CEO of that company the same year he founded Skechers). Greenberg sought to focus on men's street shoes; Skechers' early products were utility-style boots popular in grunge fashion . [ 3 ]
It was a sketchy claim to begin with: Just wearing Skechers (NYS: SKX) toning sneakers would let you lose weight; firm up your legs, behind, and abdomen; and close the national debt faster than ...
An overpayment scam, also known as a refund scam, is a type of confidence trick designed to prey upon victims' good faith. In the most basic form, an overpayment scam consists of a scammer claiming, falsely, to have sent a victim an excess amount of money.
In contrast, for a Class III recall, the Agency may decide that it only needs to spot check to make sure the product is off the market. Even though the firm recalling the product may issue a press release, FDA seeks publicity about a recall only when it believes the public needs to be alerted about a serious hazard.
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