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FYI: Harbor Freight price settlement

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For those of you who submitted claims for the class action national price settlement, keep an eye on the mailbox - I received my check today!!

http://www.nationalsalepricesettlement.com
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#2
Quote from sholbrook22
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For those of you who submitted claims for the class action national price settlement, keep an eye on the mailbox - I received my check today!!

http://www.nationalsalepricesettlement.com
What exactly were the money grubbers (class action lawyers) complaining about? Have had nothing but good experiences, and prices, at HF. Great tools for homeowners. Maybe not "professional grade" on many items, but I will never wear out the items I've purchased.
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Last edited by Conformer101 May 3, 2018 at 04:28 PM.
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#3
This was due to deceptive price "savings" listed on receipts. Turns out it wasn't exactly legal. They settled.

I got $180 back, which I will spend at HF in like 2 trips. Thanks OP, always appreciate the class action posts despite the bridge trolls who come complain about lawyers. Seriously, crawl back in your holes.
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#4
Quote from Conformer101
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What exactly were the money grubbers (class action lawyers) complaining about? Have had nothing but good experiences, and prices, at HF. Great tools for homeowners. Maybe not "professional grade" on many items, but I will never wear out the items I've purchased.
From the FAQ regarding the settlement:

Quote :
What is this lawsuit about?

The lawsuit alleged that Harbor Freight violated the law by advertising merchandise at a "sale" or "comp at" price when the same items had not been sold at the advertised regular or "comp. at" price for at least 28 of the preceding 90 days. Harbor Freight disputed Plaintiffs' allegations, and believes that it complied with all applicable laws at all times. The Court did not decide in favor of Plaintiffs or Harbor Freight, and the Court has made no decision that Harbor Freight did anything wrong. Instead, both sides agreed to a settlement.
I usually avoid class action suits because the money grubbers always get a pile of cash, while the class members usually get a token amount or a coupon. In this case, individual class members are actually getting a worthwhile amount of cash or gift card value. This is the only class action lawsuit I've been eligible for that I was entitled to anything more than a token amount.

The lawyers are getting $10M, and the class members are getting $23M, making Harbor Freight's total cost around $33M. Assuming Harbor Freight has a 12% operating margin (similar to Lowe's, Home Depot, and Tractor Supply) on its $2B annual revenue, this settlement represents about a 10% one-time reduction of their annual operating profit. I'd consider that a bit more than a slap on the wrist but not something that will really harm the company.

A lot of the settlement amount will be in the form of gift cards, which will come back as revenue for Harbor Freight. Those gift cards will bring people into the stores and generate goodwill, softening the $33M cost.

Harbor Freight is by far my favorite tool store, but I've always thought their pricing has been more deceptive than most stores. Most everything in the store seems to be persistently "on sale" to the point that being on sale is meaningless. They also seemed to always be having a "TOOL DISPOSAL LIQUIDATION!" (or something like that) despite opening new stores pretty much every week. It never bothered me enough to stop shopping there, but I don't feel bad that they're finally getting called on it.
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#5
Quote from Conformer101
:
What exactly were the money grubbers (class action lawyers) complaining about? Have had nothing but good experiences, and prices, at HF. Great tools for homeowners. Maybe not "professional grade" on many items, but I will never wear out the items I've purchased.
harbor freight was in the wrong, in fact they violated FTC rules technically as far as advertised sale prices are concerned. whether we agree with the laws or not, they're the laws. My Pillow was hit with something similar but they weren't lucky enough to scoot by with a class action they were flat out fined for the violation.

harbor freight should consider themselves lucky to be honest
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#6
Nothing in the mailbox today
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#7
I got a check for 18% of the amount I submitted in the claim. That $23M for the customers was there regardless of whether or not I filled a claim, so why not get my piece of it? I'll continue to give Harbor Freight my business.
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#8
anyone know how to check the status?
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#9
Has anyone received a gift card yet (not just a check)? I split my claim into two types based on my proof (cc statements or actual receipts).
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#10
Quote from S4gunn
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Has anyone received a gift card yet (not just a check)? I split my claim into two types based on my proof (cc statements or actual receipts).
I got a GC today for $160.00. But unfortunately I can't tell you what I filled out. Hubby shops at HF alllllll the time but I typically consider class actions as ---just fill out the form honestly and see what comes. I don't keep track of what I claimed. I did the same with the cruise ship phone calls class action and I got hit with the "proof" email and I wished I would have made more notes. I will start keeping track from now on because I just threw together what I remembered and emailed their proof the other day and it was a PITA.
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#11
Got a $160 gc in the mail today. Was NOT expecting that much. Pretty happy, as my HF trailer should get new tires and this will cover it once they stock them again.
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#12
Quote from S4gunn
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Has anyone received a gift card yet (not just a check)? I split my claim into two types based on my proof (cc statements or actual receipts).
I also received the 160 GC today. I believe i submitted Credit card records as that was easier for me to find when I was submitting.
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#13
From what I remember, $160 was the flat rate option C.
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#14
Not bad, received $160. Way more than expected. Probably going to just trade it in online for around $100 and "cash out".
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#15
Quote from S4gunn
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From what I remember, $160 was the flat rate option C.
Option C (no receipts or credit card statements submitted) was actually only supposed to be for $10. See item 7 at http://www.nationalsalepricesettlement.com/faq

I also got a $160 gift card. I wonder what happened for them to send $160 gift cards instead of a $10 one.
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