|By PR Newswire||
|March 7, 2014 09:15 AM EST||
SAN DIEGO, March 7, 2014 /PRNewswire-USNewswire/ -- The following is being released by The Mogin Law Firm, P.C.
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:
- Are residents of California;
- Purchased Honeywell Round Thermostats ("HRT") in California at any time from June 30, 1986 until December 5, 2013;
- For their own personal use and not for resale.
Californians who purchased a home or building with a pre-installed HRT directly from the builder or prior owner are not included unless they purchased another HRT. 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 California and Vermont. California claimants will receive 91.8% 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 that want to keep the right to sue Honeywell International Inc. must exclude themselves from the Settlement by April 18, 2014. Individuals and businesses that stay in the Settlement may object or comment on it by April 18, 2014. Individuals and businesses that do nothing will be bound by the Court's decisions in this case.
The Court will hold a hearing on May 2, 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.
SOURCE The Mogin Law Firm, P.C.