LOS ANGELES, May 10, 2019 /PRNewswire/ — A proposed settlement has been reached in a class action lawsuit involving Naturex, Inc., the producer of Svetol®. The settlement establishes a $1,300,000 settlement fund. Class members may be eligible for cash payments of up to $30 per purchase.
On April 23rd, 2019, United States District Court for the Central District of California, Judge Jesus G. Bernal, preliminarily approved a settlement of a lawsuit between Naturex and purchasers of Svetol® or any green coffee bean extract product containing Svetol®. The lawsuit alleges that Naturex may have misrepresented the efficacy of Svetol®, a green coffee bean extract ingredient used in certain weight loss supplement products. Naturex denies the allegations and any wrongdoing, and the Court has not made any ruling on the merits of the allegations of the lawsuit.