It appears that the kool-aid jug has been tapped and everybody’s favorite biker gang has finally been sued. Officially. The SoulCycle Class Action Lawsuit, filed in 2016, claims that SoulCycle’s individual cycling classes constitute a sale of a “gift certificate” and therefore, under California and federal law, should have no expiration date.
After numerous last-ditch efforts by SoulCycle Inc. to avoid and ride away from (what a terrible pun) these lawsuits were thrown to the wayside when a California federal judge made a ruling that denied all but one of SoulCycle’s claims.
Since the case was filed, SoulCycle has agreed to a deal that is valued between $6.9 million and $9.2 million, resolving the nationwide class action alleging that the indoor-cycling-fitness-company sells illegally expiring gift certificates.
Law 360 reports that under this deal, SoulCycle agreed to reinstate up to two expired classes per customer or reimburse those customers $25 for each of those classes. The company also agreed to adopt policy changes to ensure consumers fully understand that purchasing a class or series of SoulCycle classes does not constitute the purchase of a gift certificate or gift card.
If you have been affected by these claims please contact us immediately. Our staff will be more than happy to instruct you on your next steps.
To note: This piece is written about a class-action lawsuit. If you are considered eligible to be among the class of consumers described in the suit, you may eventually be able to participate in receiving any compensation the court may award.
If you have any questions concerning this process or wish to speak with a law firm that has either filed or intends to handle this matter, please feel free to contact us via email at ConsiderTheConsumer@gmail.com.