The Stoneledge Furniture Settlement resolves the class action lawsuit Ryan Cornateanu v. Stoneledge Furniture, LLC(Case No. 21STCV09403) filed in the Superior Court of California, County of Los Angeles. The lawsuit alleged that Stoneledge Furniture, LLC — operating Ashley HomeStore locations in California — advertised inflated “original” or “regular” prices that were higher than actual market or invoice prices, misleading consumers into believing they were getting larger discounts than they truly received. These alleged practices were said to violate California’s Unfair Competition Law (UCL) and the Consumer Legal Remedies Act (CLRA). Stoneledge denies liability but agreed to settle the action to avoid prolonged litigation.
Under the settlement, eligible class members can receive monetary compensation from a $750,000 settlement fund and a $35 voucher for use at any Stoneledge-owned Ashley HomeStore location. Claimants must submit a valid Claim Form by the deadline to receive a cash payment and the voucher. Any unclaimed funds may be distributed on a pro rata basisor donated to a cy pres recipient such as the National Consumer Law Center.