We are finishing up our discussion of the class action lawsuits filed against Michaels Stores Inc. Three suits about the company's online application have been filed in different states, and those cases have been consolidated here in New Jersey. The complaints all allege that Michaels is in violation of the Fair Credit Reporting Act because the required notice is not "clear and conspicuous," as required by the federal government. Rather, the disclosure is buried in a long webpage of unrelated information.
The retailer has settled with two named plaintiffs and claims, according to court documents, that all claims ended there. The plaintiffs who accepted the settlement have been replaced by other named parties.