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Law360, New York (March 07, 2012, 1:47 PM ET) -- French homeopathic medicine giant Boiron Inc. agreed on Tuesday to spend up to $12 million to settle several putative consumer class actions claiming it falsely advertised the benefits of its homeopathic remedies.
Boiron will put up $5 million to cover consumers seeking refunds on Boiron products they purchased, according to the proposed settlement filed in California federal court. Refunds are capped at $100 per household, the settlement said.
Boiron also agreed to make changes to the labeling of its products, including adding a disclaimer.