CVS Pharmacy will reportedly adhere to a proposed settlement from the Federal Trade Commission that will have the national drug chain refund $2.8 million and to halt "misleading claims" about one of the company's dietary supplements.
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The product in question is known as AirShield and was advertised by CVS as a dietary supplement that could prevent colds, fight germs and boost the immune system of anyone who took it. However, according to the FTC, these were misleading claims and the store had to refund customers who bought the product, states Reuters.Through the settlement, CVS will refund all customers who bought AirShield during a certain time frame.
"CVS has also agreed to pay $2.8 million to the FTC to cover the costs of a refund program for customers who purchased CVS AirShield from July 2005 through November 2008," the company said as quoted by Reuters.
David Vladeck, director of the FTC's Bureau of Consumer Protection, said this has been a common case with other pharmacy chains and should put these retailers "on notice that they have to tell the truth about what dietary supplements can and cannot do."
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