Conclusion

• Recap of the settlement and its benefits
• Encouragement to file a claim if eligible

If you purchased a Sole treadmill between certain dates, you may be entitled to a settlement payment as part of a class action lawsuit. Read on to learn more about the Sole treadmill settlement, including who is eligible, how much money you can expect to receive, and how to file a claim.

Introduction

In 2018, a class action lawsuit was filed against Sole Fitness, alleging that the company had made false claims about the accuracy of heart rate monitors on its treadmills. Specifically, the lawsuit claimed that the monitors were not as accurate as advertised, and that Sole had engaged in deceptive marketing practices.

The case was settled in 2020, with Sole agreeing to pay $5.3 million to customers who had purchased a treadmill between March 2016 and September 2020.

What is the Sole Treadmill Settlement?

The Sole treadmill settlement is a result of the class action lawsuit against Sole Fitness. The settlement agreement requires Sole to pay $5.3 million to customers who purchased a treadmill during the specified time period and who file a valid claim.

Customers who file a claim may be eligible for a payment of up to $50, depending on the number of valid claims filed.

Who is Eligible for the Settlement?

The settlement class includes anyone who purchased a Sole treadmill between March 23, 2016, and September 4, 2020. To be eligible for a settlement payment, you must have purchased the treadmill for personal, family, or household use.

If you purchased the treadmill for resale or commercial use, you are not eligible for a settlement payment.

How Much Money Can You Expect to Receive?

The amount of your settlement payment will depend on the number of valid claims filed. If the total amount of claims is less than $5.3 million, each claimant will receive the full amount of their claim, up to $50.

If the total amount of claims exceeds $5.3 million, the settlement payments will be reduced proportionally. For example, if the total amount of claims is $10.6 million, each claimant will receive 50% of their claim amount, up to a maximum of $25.

How to File a Claim for the Settlement

To file a claim for the Sole treadmill settlement, you will need to complete a claim form and provide proof of purchase. The claim form can be found on the settlement website or by contacting the settlement administrator.

The claim form will ask for basic information, such as your name and contact information, as well as details about your treadmill purchase. You will need to provide the date of purchase, the model of your treadmill, and the purchase price.

You will also need to provide proof of purchase, such as a receipt or order confirmation. If you no longer have a copy of your receipt, you may be able to provide other documentation, such as a credit card statement showing the purchase.

Once you have completed the claim form and gathered your documentation, you can submit your claim online or by mail. The deadline for filing a claim is May 3, 2021.

Important Dates to Remember

If you are eligible for the Sole treadmill settlement, it’s important to keep track of the key dates to ensure you don’t miss out on your payment.

The deadline for filing a claim is May 3, 2021. Claims submitted after this date will not be considered.

The final hearing in the case is scheduled for June 17, 2021. At this hearing, the court will review the settlement agreement and determine whether it is fair and reasonable. If the settlement is approved, settlement payments will be distributed to eligible claimants.

FAQs About the Sole Treadmill Settlement

1. What is the deadline for filing a claim?
   The deadline for filing a claim is May 3, 2024.

2. Can I file a claim if I no longer have my treadmill?
   Yes, you can still file a claim even if you no longer have your treadmill. You will need to provide other documentation, such as a credit card statement showing the purchase.

3. How will I receive my settlement payment?
   If your claim is approved, your settlement payment will be sent by check to the address you provided on your claim form.

4. What if I disagree with the settlement amount?
   If you disagree with the settlement amount, you can object to the settlement and request to be excluded from the settlement class. However, if you are excluded from the settlement class, you will not receive a payment.

5. Will filing a claim affect my warranty or future legal rights?
   No, filing a claim for the settlement will not affect your warranty or future legal rights.