If you drank Red Bull in the last 12 years, and you didn't automatically grow wings, then you'll be entitled to a small piece of a hefty settlement the company has agreed to pay for false advertising.
This is just shocking because they are actually the highest selling energy drink in the world.
But thanks to all the press the cash payouts have received, the check maybe much smaller than originally anticipated.
Energy drink Red Bull GmbH settled two class-action lawsuits this week, agreeing to pay $13million because their famous slogan 'Red Bull gives you wings' isn't true.
It was originally reported that anyone who bought a drink from January 1, 2002 to October 3, 2014 would be eligible to receive either a $10 cash payment of $15 in Red Bull product -regardless of whether there was a receipt for proof.
There's now speculation that the cash payouts will be much less since an influx of people are making claims on the energy drink's settlement website. According to the terms of the lawsuit, the company agreed to pay customers up to $13million, not $10 in cash to anyone who filed a claim by the deadline. It's unclear whether the payouts will be diluted if more than $1.3million ask for cash payouts, or if the company will stop accepting claims after a quota has been reached.
Red Bull settled the lawsuit to avoid the cost and distraction of litigation. However, Red Bull maintains that its marketing and labeling have always been truthful and accurate, and denies any and all wrongdoing or liability,' the company said in a statement.
Those wishing to receive a settlement payment from the company must submit a claim form before March 2, 2015. The settlement could be approved by May with payments being sent out withing 150 days of the final approval.
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