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20 Oct 2007
If you had an e-mail address any time in the past six years, you've probably gotten spam for something called VigRX for Men, with fairly specific promises that it will make you, ah, manlier.
I always wondered how many nitwits could fall for this kind of nonsense. Thanks to a recent class action settlement, we now know that there have been quite a lot of them. A class action suit filed in 2001 in Colorado settled recently, with some quite amazing info in the documents available at http://lemsettlement.com. LEM stands for Leading Edge Marketing, the name used by the defendants for several companies in the US, Canada, and the Bahamas.
The settlement says early on that the plaintiffs think this is the best deal they can get, because the defendants moved all their other assets to other countries. What they're getting is a house in Victoria BC worth about $3 million, a condo in Paradise Island, Bahamas, worth about $2 million, and enough cash to bring the pot to $6.51 million. Everyone who bought VigRX between 2001 and 2007 can get a $10 refund, less $3 tax withheld if they're outside the US.
But wait! Instead of the lousy ten bucks, you can get this fabulous set of prizes, worth over $105.
Purchasers under 21 don't get the 1st and 3rd items. Tough luck.
Under the terms of the settlement, LEM can continue selling VigRX for Men so long as they stop saying it'll make your whosit bigger. (It doesn't say anything about winks, nudges, and innuendo.)
I suppose this is the best deal the plaintiffs could get, but I'm kind of surprised that the judge allowed the non-cash alternative. Maybe he figured that anyone dumb enough to blow $60 on fake Viagra would like this other stuff, too.
In case you were wondering which option to take, here's a hint: the lead plaintiff gets a $10,000 settlement and the lawyers get $1.5 million in legal fees. They're taking them in cash.
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Class Action rule (proposed)
What remaining cash?
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