A Settlement Has Been Proposed in a Class Action Lawsuit Involving Cold MD Dietary...

* Reuters is not responsible for the content in this press release.

Tue Jul 7, 2009 12:47pm EDT

A Settlement Has Been Proposed in a Class Action Lawsuit Involving Cold MD
Dietary Supplement

LOS ANGELES, July 7 /PRNewswire/ -- A notice program authorized by the Los
Angeles County Superior Court began over the weekend to alert those who
purchased Cold MD dietary supplement from March  26, 2004 through May 29, 2009
about a proposed settlement against Iomedix Cold International SRL
("Defendant"). The notice is a result of the Court certifying, on May 29,
2009, a plaintiff class in a lawsuit alleging that Defendant made  misleading
or false statements about Cold MD dietary supplement.

The lawsuit, Eduardo Salcido, et al. v. Iomedix Cold International SRL,  Case
No. BC 387942, claims Defendant made false and misleading statements in their
labeling and advertising of Cold MD dietary supplement. The settlement
includes only the Cold MD dietary supplement, which was packaged as "Cold MD"
and had the words, "Dietary Supplement" printed on the lower right corner of
the box it was sold in. The Settlement does not mean that Defendant did
anything wrong, and the Court has not decided that Defendant did anything
wrong.

All Class Members can submit claims online at: www.ColdMDSettlement.com or via
U.S. mail. Each Class Member who provides a valid receipt or credit card
statement showing they purchased Cold MD dietary supplement will be sent a
check in the amount of $10.00 for each bottle purchased during the Class
Period. Each Class Member who does not have a valid receipt or credit card
statement showing they purchased the Cold MD dietary supplement, but who
submits the Declaration included in the Claim Form saying that they purchased
the product, will be sent a check in the amount of $5.00 for each bottle
purchased during the Class period (up to a maximum of three bottles if the
Claim Form is submitted online at www.ColdMDSettlement.com and up to a maximum
of six bottles if the Claim Form is sent via U.S. mail).

Notices informing Class members about their legal rights are appearing in
national newspaper supplements and a consumer publication leading up to the
hearing on October 20, 2009.

The Court appointed the law firm of Milstein, Adelman, & Kreger, LLP to
represent the Class as Plaintiffs' Lead Class Counsel.

In addition to submitting a claim form to ask for payment, Class members can
ask to be excluded from, or object to, the settlement. Claim forms  must be
postmarked no later than September 22, 2009. The deadline for exclusions and
objections is August 24, 2009.

A toll-free number, 1-888-266-9438, has been established in this case along
with a website, www.ColdMDSettlement.com, where notices, claim forms, the
settlement agreement, and the Court's preliminary approval order may be
obtained. Those affected also may write to: Cold MD Settlement Administrator,
PO Box 3518, Portland, OR 97228-3518.



SOURCE  Cold MD Class Action Notice Administrator, Epiq Systems Inc.

Wayne S. Kreger of Milstein, Adelman, & Kreger, LLP, 1-888-835-8055, for Cold
MD Class Action Notice Administrator, Epiq Systems Inc.
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.