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Nov 23

Power Balance Bracelet Company Hit With $57 Million Settlement, Expected To Go Bankrupt

Angry consumers who sued Power Balance, the company that makes those hologram-plastered athletic bracelets, will soon be winning a whopping $57 million settlement from the company, reports TMZ.

In our advertising we stated that Power Balance wristbands improved your strength, balance and flexibility.

We admit that there is no credible scientific evidence that supports our claims and therefore we engaged in misleading conduct in breach of s52 of the Trade Practices Act 1974.

If you feel you have been misled by our promotions, we wish to unreservedly apologise and offer a full refund.

via Power Balance Bracelet Company Hit With $57 Million Settlement, Expected To Go Bankrupt.

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