Power Balance Cuts Deal In False Ad Action
By Erin Coe ( March 30, 2011, 7:59 PM EDT) -- Power Balance LLC on Friday agreed to settle a proposed class action alleging it falsely advertised that its wristbands and other accessories improve individuals' strength by using holograms that react to the body's natural energy field in a deal the plaintiff's counsel claims is worth more than $57 million....
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