Advertisement
Canada markets close in 6 hours 11 minutes
  • S&P/TSX

    21,944.17
    -67.45 (-0.31%)
     
  • S&P 500

    5,105.73
    -10.44 (-0.20%)
     
  • DOW

    38,227.81
    -158.28 (-0.41%)
     
  • CAD/USD

    0.7276
    -0.0046 (-0.62%)
     
  • CRUDE OIL

    82.33
    -0.30 (-0.36%)
     
  • Bitcoin CAD

    86,000.88
    -925.06 (-1.06%)
     
  • CMC Crypto 200

    1,304.62
    -34.45 (-2.57%)
     
  • GOLD FUTURES

    2,317.50
    -40.20 (-1.71%)
     
  • RUSSELL 2000

    1,996.13
    -19.90 (-0.99%)
     
  • 10-Yr Bond

    4.6720
    +0.0580 (+1.26%)
     
  • NASDAQ

    15,935.22
    -47.86 (-0.30%)
     
  • VOLATILITY

    14.89
    +0.22 (+1.50%)
     
  • FTSE

    8,163.14
    +16.11 (+0.20%)
     
  • NIKKEI 225

    38,405.66
    +470.90 (+1.24%)
     
  • CAD/EUR

    0.6794
    -0.0030 (-0.44%)
     

Bought a lawnmower between 1994 and 2012? You could have cash coming your way

(Getty)
(Getty)

If it’s been 6 or more years since you bought a lawnmower in Canada — you could have some cash coming your way.

A settlement of $7.5M has been reached in a class action suit involving eight lawnmower companies. They were accused of overstating horsepower ratings. They charged customers more for power that was nothing more than acoustic trickery.

The companies involved include Briggs & Stratton, Electrolux, Honda, Husqvarna, John Deere, Kawasaki, Kohler, MTD, Tecumseh, and Toro. A long list of the specific models can be found here.

Customers are eligible to make a claim if:

  • you purchased a gas-powered walk-behind or riding lawn mower designed, manufactured or labelled by any defendant* which contains a gas combustible engine labelled at 30 horsepower or less (“Lawn Mower”);

  • you purchased the Lawn Mower between January 1, 1994 and December 31, 2012; and

  • you purchased the Lawn Mower in Canada.

ADVERTISEMENT

To qualify you must complete and file a claim by May 22 which can be found here. Filing a claim will not cost you anything. Payouts will depend on which group you fall into.

1. End Users Providing a Declaration without Further Proof – Those who provide a simplified claim form regarding their Lawn Mower purchase(s) without any documentary proof will be eligible for $15 per claimant.

2. End Users Providing Proof – Those who provide a standard claim form with proof of purchase or proof of the horsepower rating regarding their Lawn Mower(s) will receive the following, per Lawn Mower:

  • $15 – Any Lawn Mower with proof of purchase but without proof of horsepower rating

  • $20 – Any walk-behind Lawn Mower with proof of horsepower rating of under 5 horsepower

  • $35 – Any walk-behind Lawn Mower with proof of horsepower rating of 5 horsepower or more

  • $45 – Any riding Lawn Mower with proof of horsepower rating of under 18 horsepower

  • $55 – Any riding Lawn Mower with proof of horsepower rating of 18 horsepower or more

It will take about a year to receive payment after a claim is filed.

Note: We’ve moved up the fact that the settlement only covers Canadian consumers.

Download the Yahoo Finance app, available for Apple and Android.