Taking Legal Action Against Sterling Jewelers
Sterling Jewelers filed a class action lawsuit against Westwood Mills Jewelers and their president, Sam Katz. The lawsuit alleged that Katz falsely advertised to the public that the company had the lowest prices around and encouraged customers to buy from him, which in turn brought him profits, but which he did not pay out to his employees. According to the Sterling Jewelers class action lawsuit, this is known as the “power of advertising” case. After the lawsuit was filed, Katz and the company were ordered to pay damages to over one hundred plaintiffs who were essentially worked for Katz. In the end, however, the court found that there was insufficient evidence to support the class action lawsuit.
After this, the Jewelers of America filed its own class action lawsuit against the company, stating that it, too, had been defrauded by Katz. The Jewelers sued him and also asked the courts to award compensation for not only emotional distress and loss suffered, but also for pain and suffering. The court ruled in favor of the Jewelers of America, and they levied huge fines on the company, forcing it into bankruptcy. As of the present, the Sterling Jewelers case is ongoing.
Sterling Jewelers also filed its own lawsuit against three former Sterling dealers who were responsible for the fraud. This lawsuit is currently pending. In addition to that, there was another class action lawsuit filed against the company, which ultimately led to the dismissal of the original case. In this case, there were two plaintiffs, who each received a settlement amount. The court found that because the settlement payments came in large portions, they were not appropriate for the class members and dismissed the case.
Both lawsuits and class actions are designed to hold companies accountable for their actions. If you feel that you have been a victim of fraud or other similar crimes, your first step should be to file a complaint with the US attorney’s office. The US attorneys’ office will be in charge of investigating your case, and will also be in charge of deciding whether or not to proceed with the case. You may also find it useful to speak to a representative from the fraud company itself.
The fraudster may deny responsibility or try to convince you that the damages you suffered could have been prevented if only you would have paid more attention to what was actually wrong. But, in all cases, your lawyer is the best person to represent you in court. Keep in mind that the US attorneys’ office usually handles thousands of such cases annually. They have extensive experience dealing with these kinds of cases and have established relationships with several law firms. Thus, you may find it easier to obtain the compensation you need from the attorneys who handle your case.
It may take many years before your Sterling Jewelers class action lawsuit is resolved. There are often many factors involved in doing so, including scheduling, time-consuming efforts, etc. Thus, you need to hire an experienced legal counselor who can handle your case. With the assistance of your lawyer, you have a good chance of winning your lawsuit and getting the compensation you deserve.
Sterling Jewelers filed a class action lawsuit against Westwood Mills Jewelers and their president, Sam Katz. The lawsuit alleged that Katz falsely advertised to the public that the company had the lowest prices around and encouraged customers to buy from him, which in turn brought him profits, but which he did not pay out to…