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SOURCE Shaheen & Gordon
Individuals and Businesses Could Get Money
DOVER, N.H., Feb. 26, 2014 /PRNewswire-USNewswire/ -- The following is being released by the law firm of Shaheen & Gordon.
An $8.15 million Settlement, inclusive of costs, was reached in a class action lawsuit with Honeywell International Inc. involving its circular thermostats. The lawsuit claims that Honeywell used deception to obtain the trademark for its round thermostat, then used its dominant position in the market to overcharge customers. Honeywell denies that it did anything wrong, and there has been no finding by the Court of wrongdoing.
The Settlement includes individuals and businesses that:
Vermont consumers who purchased a new home with a pre-installed HRT directly from the builder are included if they still own the home. Purchases made directly from Honeywell are not included.
The $8.15 million Settlement Fund will be divided based upon sales of Honeywell Round Thermostats in Vermont and California. Vermont claimants will receive 8.2% of the Settlement after fees and costs.
Individuals and businesses that file valid claims can get up to $18 per thermostat. Individuals and businesses must submit a claim form online or by mail postmarked by July 18, 2014 to get a payment.
Individuals and businesses may not exclude themselves from this Settlement. Individuals and businesses may object or comment on the Settlement by April 18, 2014.
The Court will hold a hearing on May 16, 2014 to consider whether to approve the Settlement, a request for attorneys' fees up to 37.5% of the Settlement Fund, plus reimbursement of costs and expenses. Lawyers have been appointed to represent individuals and businesses in this case. Any individuals and businesses may hire their own lawyer to appear in Court and speak at the hearing at their own expense.
For more information about the Settlement, visit www.RoundThermostats.com or call 1-855-287-1280.
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