FTC: Consumers Who Bought AdvaCAL Calcium Supplements Will Receive Refunds
The Federal Trade Commission (FTC) is mailing nearly $1 million worth of refund checks to victims who lost money buying calcium supplements.
More than 17,600 refund checks totaling $955,000 will be mailed this week to those who bought a supposedly superior calcium supplement marketed by Lane Labs-USA Inc. and its president Andrew Lane.
The amount each consumer receives will vary based on how much they lost.
The refunds are being made from money collected under a 2010 U.S. Court of Appeals ruling and 2011 district court decision finding Lane Labs in contempt of a 2000 order, based on the company's false and unsubstantiated claims for its calcium supplement, AdvaCAL.
Lane Labs claimed that AdvaCAL was the only calcium supplement that could increase bone density, and was on par or superior to prescription drugs used to treat osteoporosis.
Gilardi & Co., LLC, the redress administrator for this matter, will mail refund checks to eligible consumers beginning Wednesday.
The checks must be cashed by May 18, 2015 or they will become void. Recipients should note that the FTC never requires consumers to pay money or provide information before redress checks can be cashed.