Payments Sent to Avacor Class Members
On April 25, 2014, payments were mailed to class members who participated in the Avacor class action settlement. Checks in the amount of $95 were mailed to each class member as part of the initial distribution of settlement proceeds. A second distribution in the amount of $95 to each class member will be made at a later date.
Scott A. Bursor filed the Avacor lawsuit in the Alameda County Superior Court in 2003 on behalf of a class of California purchasers of the Avacor hair regrowth system. Mr. Bursor stated, “My partner Tim Fisher and I chased this company through more than a decade of litigation, including two bankruptcies, and two jury trials, where we won verdicts of $37 million and $50 million. So this is a very significant case for our firm. We are both gratified to see the class members we represent are finally being paid.”
Under a post-trial settlement approved by Judge Robert B. Freedman in September, 2010, class members will receive $190 each. The balance of the claims will be paid when sufficient funds are available from the continuing liquidation of defendants’ assets.