SoulCycle Expired Gift Card Class Action Settlement
The Settlement Class under the proposed Settlement includes: (1) persons who, at any time on or after August 25, 2014 up until February 10, 2017, purchased a SoulCycle Class that expired before it was used; and (2) persons who have a California billing address and who, at any point on or after February 1, 2012 up until February 10, 2017, purchased a SoulCycle Class for use in California that expired before it was used.
Up to $50
Consumers have two options, they may elect to have their gift card balance reinstated to their electronic accounts or they may opt to receive up to $25 per gift card in cash up to two gift cards. Should the number of valid claims exceed the pool the payments will be adjusted down
Proof of Purchase
Cody v SoulCycleCase No: 2:15-cv-06457USDC-Central District of California
The plaintiffs filed a lawsuit in which they allege that SoulCycle’s sale of indoor cycling Classes constitutes the sale of “gift certificates” as defined under California and federal law and that the expiration dates contained on SoulCycle’s Classes violate the Electronic Funds Transfer Act, 15 U.S.C. §1693, et seq., as amended by the Credit Card Accountability Responsibility and Disclosure Act of 2009 (the “CARD Act”), 15 U.S.C. § 1693l-1, and the California Gift Card Statute, California Civil Code Section 1750, et seq., as well as consumer statutes of California, including the California Consumer Legal Remedies Act and the California Unfair Competition Law. SoulCycle denies that it did anything wrong, believes that it makes clear the distinction between purchase of its Classes, on the one hand, and purchase of Gift Cards, on the other, and has vigorously defended Plaintiffs’ allegations. The parties, however, have agreed to settle the case to avoid the cost, delay, and uncertainty of further litigation.