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After years of legal wrangling, swimming pool product manufacturer Hayward Industries Inc. has reached a combined $8 million class action lawsuit settlement with direct and indirect purchasers of its products over allegations it conspired with Pool Corp. to stifle competition.
According to one of multiple class action lawsuits pending in multidistrict litigation against numerous defendants, Hayward worked with Pool Corp. to prevent the sale of products to Pool’s competitors.
In order to resolve the pool product class action lawsuit and without admitting any wrongdoing regarding its pricing of pool products, the company will pay up to $1.5 million to indirect purchasers, such as homeowners who had to pay contractors more money for these products, and $6.5 million to direct purchasers such as home improvement stores that purchased the swimming pool supplies to sell in their stores.
The proposed swimming pool product class action settlement could potentially affect hundreds of thousands of Americans who bought Hayward pool products indirectly between Jan. 1, 2008 to the date of the agreement’s approval. Direct purchasers of the swimming pool products are covered for purchases made between Nov. 22, 2007 and Nov. 21, 2011.
It should be noted that the swimming pool product MDL that consolidated the class action lawsuits is not finished. Remaining defendants including Pool Corporation, Spa Inc. and Zodiac Pool Systems Inc. still face allegations of attempts to form a monopoly and violate the Sherman Antitrust Act and violations of various state consumer protection statutes.
The purchasers are represented by class action attorneys from the Law Office of Thomas H. Brill, Herman Herman & Katz LLC, Edgar Law Firm LLC and Kaplan Fox & Kilsheimer LLP among numerous others.
The Pool Product Monopoly Class Action Lawsuits are consolidated as In re: Pool Products Distribution Market Antitrust Litigation, MDL No. 2328, in the U.S. District Court for the Eastern District of Louisiana.
UPDATE: Instructions on how to file a claim for the pool products indirect purchaser class action settlement are now available! Click here or visit www.PoolProductsConsumerLawsuit.com for details.
UPDATE 2: Top Class Actions viewers who filed a claim for the pool products price-fixing class action settlement started receiving checks in the mail.
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UPDATE 2: Top Class Actions viewers who filed a claim for the pool products price-fixing class action settlement started receiving checks in the mail.
When will payments be made to individuals who filed claims
UPDATE: Instructions on how to file a claim for the pool products indirect purchaser class action settlement are now available! Click here or visit http://www.PoolProductsConsumerLawsuit.com for details.
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