Home Videos Photos

All tag results for josh rodarmel

Power Balance To Cough Up $57 Million For False Advertising

Filed under: Oops!Fashion SmashionZportzLegal Matters

power-balance-57-million-class-action-lawsuit-settlement.jpg

Those $35 silicone Power Balance bracelets have turned into a multi-million dollar mistake for brothers Troy and Josh Rodarmel.

The creators originally claimed their bracelets were scientifically proven to enhance strength, balance and flexibility, but later admitted it was a bunch of hooey.

Not long after coming clean about their BS of a product, a class action lawsuit was filed against Power Balance, and recently settled for $57 million.

But wait, it gets worse!

According to sources, Power Balance is planning to file for bankruptcy and close up shop completely.

The moral of the story: don't lie about your product!

Tags: , , , ,

Permalink / Comments Off / Email this  »