Power Balance

{{Use mdy dates|date=July 2024}}{{Short description|Hologram bracelet brand}}

{{about||the Power Balance Pavilion|ARCO Arena|other uses|Balance of power (disambiguation)}}

File:PB band on biker.jpg

Power Balance is the original brand of hologram bracelets claimed by its manufacturers and vendors to use "holographic technology" to "resonate with and respond to the natural energy field of the body" to increase athletic performance.{{cite web |last1=Neumyer |first1=Scott |title=The 25 Biggest Fitness Fads of All Time |url=https://www.mensjournal.com/style/the-25-biggest-fitness-fads-of-all-time/ |website=Men's Journal |access-date=9 January 2022}} Numerous independent studies of the device have found it to be no more effective than a placebo for enhancing athletic performance.{{cite journal |last1=Porcari |first1=John |title=Can the Power Balance® Bracelet Improve Balance, Flexibility, Strength, and Power? |journal=J Sports Sci Med |date=2011 |volume=10 |issue=1 |pages=230–231 |pmid=24137054 |pmc=3737916 }}{{cite journal |last1=Verdan |first1=PJR |title=Effect of the Power Balance® Band on Static Balance, Hamstring Flexibility, and Arm Strength in Adults |journal=Journal of Strength and Conditioning Research |date=2012 |volume=26 |issue=8 |pages=2113–2118 |doi=10.1519/JSC.0b013e31823a43ce |pmid=22027848 |s2cid=28504125 |url=https://journals.lww.com/nsca-jscr/Fulltext/2012/08000/Effect_of_the_Power_Balance__Band_on_Static.14.aspx |access-date=9 January 2022|doi-access=free }} As a result, in 2010, the Australian distributor, Power Balance Australia Pty. Ltd., was forced by the Australian Competition and Consumer Commission (ACCC) to retract any previous claims.{{cite web |last1=ACC |title=Power Balance admits no reasonable basis for wristband claims, consumers offered refunds |url=https://www.accc.gov.au/media-release/power-balance-admits-no-reasonable-basis-for-wristband-claims-consumers-offered |website=Australian Competition & Consumer Commission|date=23 February 2013 |access-date=9 January 2022}}

The product was originally promoted at trade shows in the beginning of 2006 using applied kinesiology as its effective sales tool. The bracelets went on sale in 2007 and had several celebrity endorsements.{{cite news |url=http://www.3news.co.nz/Sports-stars-paid-to-endorse-magic-wristband/tabid/367/articleID/156229/Default.aspx |date=17 May 2010 |title=Sports stars paid to endorse 'magic' wristband - Video |work=3 News |access-date=4 November 2011 |archive-url=https://web.archive.org/web/20110724192008/http://www.3news.co.nz/Sports-stars-paid-to-endorse-magic-wristband/tabid/367/articleID/156229/Default.aspx |archive-date=24 July 2011 |url-status=dead}} The bracelets became a trend among high school, collegiate, and professional sports teams between 2008 and 2012. This sustained prevalence compelled journalist Darren Rovell to remark that "a growing number of professional sportsmen and their attendants are starting to sound like New Age crystal healers."[https://www.telegraph.co.uk/sport/8065032/Power-Balance-bracelets-source-of-energy-or-just-a-gimmick.html Power Balance bracelets: source of energy or just a gimmick?], The Daily Telegraph, 15 October 2010 CNBC Sports named Power Balance Product of the Year in 2010 for its strong sales and celebrity endorsements.{{Cite web|url=https://www.cnbc.com/2010/12/29/cnbcs-sports-product-of-the-year-power-balance.html|title=CNBC's Sports Product Of The Year: Power Balance|last=Rovell|first=Darren|date=2010-12-29|website=CNBC|access-date=2019-02-19}}

Power Balance headquarters, which was located in Laguna Niguel, California, at the time, denied that they made any medical or scientific claims about their products.[https://www.bbc.co.uk/news/uk-wales-11805616 Power Balance band is placebo, say expert], BBC News, 22 November 2010 However, the company had been the focus of significant criticism, particularly for false advertising. The Power Balance bracelet has been described as "like the tooth fairy" and a "very successful marketing scam".[http://www.theage.com.au/sport/power-wristbands-might-be-the-biggest-scam-20100619-yo11.html 'Power' wristbands might be the biggest scam ], The Age, June 20, 2010 Dylan Evans, a lecturer in behavioral science at Cork University's School of Medicine, stated that the marketing of Power Balance has "managed to get away without deceiving anyone in the sense of an overt lie. There are no claims on the packaging itself. They don't make any reference at all to any health outcomes. They leave that as an inference that most people will draw."{{Cite news|url=https://www.bbc.com/news/magazine-12135402|title=What are Power Balance bands?|last=Rohrer|first=Finlo|date=2011-01-07|access-date=2019-02-19|language=en-GB}}

By the end of 2011, the company was reported to be approaching bankruptcy after allegedly having to settle a $57{{Nbsp}}million lawsuit, in the course of which company executives acknowledged that their past claims to improve strength and balance were not backed by science.{{Cite web|date=2011-11-21|title=BANKRUPT?|url=https://www.huffpost.com/entry/power-bracelets-lawsuit_n_1105559|access-date=2020-12-08|website=HuffPost|language=en}} It filed for Chapter 11 bankruptcy protection on November 22, 2011, due to a multitude of lawsuits. {{as of|September 2022}}, the brand has been transferred to a new company, Power Balance Technologies, which still sells Power Balance bands and other items {{Cite web|title=Shop|url=http://www.powerbalance.com/default/shop.html|access-date=2021-06-22|website=www.powerbalance.com}}{{non-primary source needed|date=September 2022}}

Efficacy

Image:36 Wendy PB Picture.jpg testing Power Balance in progress, October 28, 2010]]

In December 2009, an informal, double-blind test was conducted by Richard Saunders of the Australian Skeptics on the Australian television program Today Tonight. The results of the test showed strong evidence that any effect that the holograms may have had was too small to be measured compared to placebo.{{cite web |last1=Hall |first1=Harriet |title=Power Balance Products: A Skeptical Look |url=https://quackwatch.org/device/reports/power_balance/ |website=Device Watch |date=23 May 2011 |access-date=8 January 2022}}{{cite book |last1=Bryan Farha |first1=Michael Shermer |title=Pseudoscience and Deception: The Smoke and Mirrors of Paranormal Claims |date=2014 |publisher=University Press of America, Inc. |location=Maryland |isbn=978-0-7618-6292-5 |page=70}}

On October 28, 2010, Olympic champion gymnast Dominique Dawes, working for Yahoo Weekend News and Independent Investigations Group (IIG), tested Power Balance bracelets for their claim that they improve balance, flexibility and strength. According to IIG investigator Dave Richards, "There was one 'legitimate' Power Balance bracelet, and 3 'sham' bracelets that had the hologram removed from them. The experiment was double-blinded, all bracelets were wrapped with tape so no one present knew which bracelet was real and which were fakes. Neither the participants nor the people recording the scores knew which bracelet was 'real' until after all participants had completed their runs and their scores were recorded." The results indicated that there was no benefit for those who had a real holographic bracelet compared to those who had a placebo.{{cite web|last=Dawes |first=Dominique |url=https://news.yahoo.com/s/yblog_weekend/20101104/ts_yblog_weekend/do-power-balance-wristbands-work |title=Do Power Balance wristbands work? - Yahoo! News |publisher=News.yahoo.com |access-date=2010-11-04|archive-url=https://web.archive.org/web/20101110171737/http://news.yahoo.com/s/yblog_weekend/20101104/ts_yblog_weekend/do-power-balance-wristbands-work|archive-date=2010-11-10}}{{cite web|url=http://www.iigwest.com/investigations/powerbalance/index.html |title=IIG Power Balance Experiment |publisher=Iigwest.com |date=2010-10-30 |access-date=2011-01-15}}

{{cite journal

| last = Underdown

| first = James

| title = Power Balance Bracelets a Bust in Tests

| journal = Skeptical Inquirer

| volume = 36

| issue = 1

| pages = 14–16

| publisher = CSICOP

| date = January–February 2012}}

In 2011, researchers from RMIT's School of Health Sciences reported the results of an independent, randomized, and controlled double-blind trial. They found no difference in balance between people using a holographic wristband and those wearing a placebo.{{cite journal |journal= J Bodyw Mov Ther |year=2011 |volume=15 |issue = 3 |pages=298–303 |title= The effect of close proximity holographic wristbands on human balance and limits of stability: A randomised, placebo-controlled trial |vauthors=Brice SR, Jarosz BS, Ames RA, Baglin J, Da Costa C |doi= 10.1016/j.jbmt.2011.01.020|pmid=21665105 }}

A study at the University of Wisconsin tested the effects of Power Balance bracelets on a group of NCAA athletes. One set of the athletes received the Power Balance bracelet, while the other received a placebo bracelet. The athletes were subjected to tests of flexibility, balance, and strength, after which they switched bracelets and performed the tests again. The study found that the Power Balance bracelet had no effect, compared to the placebo, on the performance of the athletes.{{cite web|last=Morales|first=Daniel|title=Power Balance bands don't live up to claims|url=http://www.statehornet.com/sports/power-balance-bands-don-t-live-up-to-claims/article_a5153988-ff7e-11e0-a36d-0019bb30f31a.html|publisher=The State Hornet|access-date=11 November 2011|archive-url=https://web.archive.org/web/20111228235903/http://www.statehornet.com/sports/power-balance-bands-don-t-live-up-to-claims/article_a5153988-ff7e-11e0-a36d-0019bb30f31a.html|archive-date=28 December 2011|url-status=dead}} A group of students skeptical of the claims conducted a test which showed "no significant difference between the real wristband and the fake".[http://www.ocregister.com/articles/wristband-280268-players-students.html Students test claims of hologram wristband], Orange County register, Dec. 14, 2010 Additionally, a 2012 Skeptical Inquirer study showed that, in a double-blind test of performance on an obstacle course, sixteen volunteers showed a difference in performance no greater than chance.{{cite web |url=http://www.csicop.org/si/show/power_balance_bracelets_a_bust_in_tests/|title=Power Bracelets a Bust |publisher=Skeptical Inquirer |date= January 2012 |access-date=2012-11-12}}

A 2012 study by Verdan et al. examined the effects of the Power Balance band on static balance, hamstring flexibility, and arm strength in adults. The study involved 10 male and 14 female subjects. A counterbalance, double-blind, placebo, controlled-within-subject design was used. Each of the subjects participated in 3 treatment sessions, consisting of Power Balance, placebo band, and no band. This study found that there were no statistically significant differences in strength, flexibility, or balance with regard to the treatments used.

Criticisms

File:Clinton-vegan-powerband.jpg wearing a Power Balance Power Band.{{cite web|url=http://www.insideedition.com/investigative/2024-inside-edition-investigates-power-bracelets |title=INSIDE EDITION Investigates Power Bracelets - News from |publisher=InsideEdition.com |date=2011-02-24 |access-date=2013-06-20}}]]

Experts are of the opinion that the Power Balance bracelet is nothing more than a placebo. Victor Thompson, a sports psychologist based in London, said: "I'm not aware of any research that supports the technology behind these bands." Greg Whyte, professor of applied sport and exercise science at Liverpool John Moores University, said that "for generations there have been devices that claim to mediate the body's flow of energy. In most instances, the 'proof' is based on anecdotal evidence."{{Cite web|url=https://www.walesonline.co.uk/news/wales-news/power-suggestion-celebs-jump-band-1904677|title=Power of suggestion as celebs jump on the band wagon|date=24 August 2010}}

The Center for Inquiry noted Power Balance's use of pseudoscientific applied kinesiology tests, which it described as "problematic and full of flaws." The illustrative videos on the company's website were considered vague and unclear, and the Center noted that "most people's flexibility seems to improve from their first stretch to their second stretch regardless of whether they are wearing the bracelet."{{cite web |url=http://www.centerforinquiry.net/blogs/entry/power_balance_bracelets_a_bust_in_iig_test/|title=Power Bracelets a Bust in IIG Test |publisher=Skeptical Inquirer |date=November 11, 2010 |access-date=2011-06-12}}

In 2010, Harriet A. Hall wrote in the Skeptical Inquirer that she would believe anyone who claimed that a Power Balance product made them feel better, or that their performance was improved, but would not be convinced that "the improvement has anything to do with bioresonating frequencies in the holograms—or even with the cards themselves. It's like the tooth fairy. Tell me money appears under your pillow, and I will believe you. But that won't convince me that the tooth fairy did it."{{cite web |url=http://www.csicop.org/si/show/power_balance_technology/ |title=Pseudoscientific Silliness Suckers Card-Carrying Surfers | Skeptical Inquirer |publisher=Skeptical Inquirer |date=May–June 2010 |access-date=2011-02-20 |archive-url=https://web.archive.org/web/20110104200851/http://www.csicop.org/si/show/power_balance_technology/ |archive-date=2011-01-04 |url-status=dead }}

Australian consumer advocate group Choice recognized Power Balance in their 2010 "Shonky Awards". The Shonky Awards are intended to "name and shame the shonkiest rip-offs and scams."{{cite web|title=The 2010 Shonky Awards|url=http://www.choice.com.au/reviews-and-tests/awards/shonky-awards/shonkys/the-2010-shonky-awards.aspx|publisher=Choice|access-date=11 November 2011}} The Sydney Morning Herald concluded the Power Balance bracelets "did little else than empty purchasers' wallets."{{cite web |url=http://www.smh.com.au/small-business/researchers-test-power-balance-claims-20101026-171lv.html|title=Researchers Test Power Balance Claims |publisher=smh |date= Oct 26, 2010 |access-date=2012-11-12}}

In November 2012, Dallas Mavericks owner Mark Cuban criticized an endorsement deal between the National Basketball Association and Power Balance. When a similar product was pitched on the ABC reality series Shark Tank, which features Cuban as one of the "sharks", he dismissed the product, stating "No, I'm allergic to scams. Seriously, this is not new. It's been disproven. What you saw is the placebo effect. There's athletes that wear it. It's a joke. It's a scam. It's not real."{{cite web |url=https://www.espn.com/dallas/nba/story/_/id/8677068/mark-cuban-dallas-mavericks-blasts-nba-scam-bracelet-deal|title=Mark Cuban of Dallas Mavericks blasts NBA for 'scam' bracelet deal|publisher=ESPN |date= Nov 26, 2012 |access-date=2012-11-27}}

Legal issues

In November 2010, the Australian distributors of "Power Balance" were ordered by the Therapeutic Goods Administration Complaints Resolution Panel to drop "false and misleading" claims that the wearers would experience "up to a 500% increase in strength, power and flexibility" and ordered the claims removed from the company's website and a retraction posted within two weeks.[http://www.smh.com.au/small-business/slap-on-the-wrist-for-power-balance-20101122-1832z.html Slap on the wrist for power balance], Sydney Morning Herald, November 21, 2010 The Junta de Andalucia fined the Marbella-based subsidiary a sum of 15,000 for false advertising.{{cite web |last1=EuroWeekly |first1=Friday, 26 November 2010 |title='Miracle' bracelet company fined €15k |url=http://www.euroweeklynews.com/2010112684596/news/costa-del-sol/miracle-bracelet-company-fined-15k.html |website=Wayback Machine |archive-url=https://web.archive.org/web/20111003170452/http://www.euroweeklynews.com/2010112684596/news/costa-del-sol/miracle-bracelet-company-fined-15k.html |access-date=9 January 2022|archive-date=2011-10-03 }} The consumer organization {{ill|Facua|es}} made an appeal to the Health Department for an increased fine, as they considered the amount to be low enough to allow the company to stay in business.

In December 2010, the Australian Competition and Consumer Commission (ACCC) took action against Power Balance Australia Pty. Ltd., stating that "claims made by Power Balance were not supported by any credible scientific evidence and therefore Power Balance has admitted that it has engaged in misleading and deceptive conduct in breach of s. 52 of the Trade Practices Act 1974."{{cite web|url=http://www.accc.gov.au/content/index.phtml/itemId/964065 |title=ACCC Undertakings register, Power Balance Australia Pty. Ltd |publisher=Accc.gov.au |date=2010-12-22 |access-date=2011-11-24}}{{cite web|url=http://www.heraldsun.com.au/news/national/power-wristbands-banned-and-refunds-ordered-by-accc/story-e6frf7l6-1225975163514 |title=Power wristbands banned and refunds ordered by ACCC |publisher=Herald Sun|date=2010-12-23 |access-date=2011-11-24}} The ACCC obtained from Power Balance Australia Pty. Ltd. an undertaking to take a number of actions in relation to correcting their misleading advertising, including:

  1. publishing, at its own expense, corrective advertisements[http://www.accc.gov.au/content/item.phtml?itemId=964065&nodeId=17808ea438edd47fd1e226c02ff3e6af&fn=Undertaking.pdf ACCC undertaking] {{webarchive|url=https://web.archive.org/web/20110220010922/http://www.accc.gov.au/content/item.phtml?itemId=964065&nodeId=17808ea438edd47fd1e226c02ff3e6af&fn=Undertaking.pdf |date=2011-02-20 }}, §11.c-f, k
  2. ceasing to claim that the products:[http://www.accc.gov.au/content/item.phtml?itemId=964065&nodeId=17808ea438edd47fd1e226c02ff3e6af&fn=Undertaking.pdf ACCC undertaking] {{webarchive|url=https://web.archive.org/web/20110220010922/http://www.accc.gov.au/content/item.phtml?itemId=964065&nodeId=17808ea438edd47fd1e226c02ff3e6af&fn=Undertaking.pdf |date=2011-02-20 }}, §11.a
  3. will improve the user's balance, strength and flexibility; or
  4. are "designed to work with the body's natural energy field";
  5. nor, in conjunction with the Products, make claims that "Power Balance is Performance Technology" or use the phrase "Performance Technology"
  6. ceasing to manufacture or import products containing the words "Performance Technology"[http://www.accc.gov.au/content/item.phtml?itemId=964065&nodeId=17808ea438edd47fd1e226c02ff3e6af&fn=Undertaking.pdf ACCC undertaking] {{webarchive|url=https://web.archive.org/web/20110220010922/http://www.accc.gov.au/content/item.phtml?itemId=964065&nodeId=17808ea438edd47fd1e226c02ff3e6af&fn=Undertaking.pdf |date=2011-02-20 }}, §11.g
  7. blacking out the words "Performance Technology" on its packaging[http://www.accc.gov.au/content/item.phtml?itemId=964065&nodeId=17808ea438edd47fd1e226c02ff3e6af&fn=Undertaking.pdf ACCC undertaking] {{webarchive|url=https://web.archive.org/web/20110220010922/http://www.accc.gov.au/content/item.phtml?itemId=964065&nodeId=17808ea438edd47fd1e226c02ff3e6af&fn=Undertaking.pdf |date=2011-02-20 }}, §11.h, i
  8. replacing its promotional and marketing material[http://www.accc.gov.au/content/item.phtml?itemId=964065&nodeId=17808ea438edd47fd1e226c02ff3e6af&fn=Undertaking.pdf ACCC undertaking] {{webarchive|url=https://web.archive.org/web/20110220010922/http://www.accc.gov.au/content/item.phtml?itemId=964065&nodeId=17808ea438edd47fd1e226c02ff3e6af&fn=Undertaking.pdf |date=2011-02-20 }}, §11.j, i
  9. offering full refunds, plus postage[http://www.accc.gov.au/content/item.phtml?itemId=964065&nodeId=17808ea438edd47fd1e226c02ff3e6af&fn=Undertaking.pdf ACCC undertaking] {{webarchive|url=https://web.archive.org/web/20110220010922/http://www.accc.gov.au/content/item.phtml?itemId=964065&nodeId=17808ea438edd47fd1e226c02ff3e6af&fn=Undertaking.pdf |date=2011-02-20 }}, §11.l

Power Balance Australia's chief executive, Tom O'Dowd, admitted that "we'd made claims in the start that said that our product improved strength, balance, and flexibility and we didn't have the scientific, peer-reviewed, double blind testing or the level of proof that we needed to substantiate those claims".{{cite web|author=AM Barbara Miller |url=http://www.abc.net.au/news/stories/2010/12/23/3100270.htm?section=business |archive-url=https://web.archive.org/web/20101224083927/http://www.abc.net.au/news/stories/2010/12/23/3100270.htm?section=business |url-status=dead |archive-date=December 24, 2010 |title=Watchdog says power wristbands a crock |publisher=Abc.net.au |date=2010-12-23 |access-date=2011-11-24}} ACCC chairman Graeme Samuel stated, "It's a crock frankly. And we're very disappointed that so many people have paid hundreds of thousands if not millions of dollars to buy these Power Bands."

Power Balance Australia was required by the ACCC to run a series of advertisements in Australian media containing the following text and to unconditionally refund those they mislead:[https://www.telegraph.co.uk/sport/8238255/Power-Balance-come-clean-and-offer-refunds-after-admitting-wristbands-do-not-enhance-performance.html Power Balance come clean and offer refunds after admitting wristbands do not enhance performance], Daily Telegraph, 4 Jan, 2011{{cite web|url=https://gizmodo.com/5723577/powerbalance-admits-their-wristbands-are-a-scam |title=Powerbalance admits their wristbands are a scam |publisher=Gizmodo |access-date=2013-06-20}}

{{quote|In our advertising we stated that Power Balance wristbands improved your strength, balance and flexibility. We admit that there is no credible scientific evidence that supports our claims and therefore we engaged in misleading conduct in breach of s52 of the Trade Practices Act 1974. If you feel you have been misled by our promotions, we wish to unreservedly apologise and offer a full refund.{{cite web |title=Corrective Advertisement – Power Balance Wristbands |url=http://www.powerbalance.com/australia/CA |archive-url=https://web.archive.org/web/20101225102131/http://www.powerbalance.com/australia/CA |archive-date=2010-12-25 |access-date=2016-01-25 }}[http://www.accc.gov.au/content/item.phtml?itemId=964065&nodeId=17808ea438edd47fd1e226c02ff3e6af&fn=Undertaking.pdf ACCC undertaking] {{webarchive|url=https://web.archive.org/web/20110220010922/http://www.accc.gov.au/content/item.phtml?itemId=964065&nodeId=17808ea438edd47fd1e226c02ff3e6af&fn=Undertaking.pdf |date=2011-02-20 }}, Annexure B}}

In December 2010, Italy's Antitrust Authority fined Power Balance €300,000 (and another company €50,000) for not having scientific proof of the claims made.{{cite web|url=http://www.repubblica.it/cronaca/2010/12/23/news/antitrust_power_balance-10532751/ |title="Il Power Balance senza riscontri" Dall'Antitrust multa da 350 mila euro ("The Power Balance without evidence" Antitrust fine of € 350 000) |date=23 December 2010 |publisher=Repubblica.it |access-date=2011-11-24}}

In September 2010, the Dutch Advertising Code Commission (RCC){{cite web |url=http://www.reclamecode.nl/webuitspraak.asp?ID=38679&acCode/ |title="De bestreden reclame-uiting" Het betreft de website www.power-balance.nl ("The controversial advertising" It concerns the website www.power-balance.nl) |website=Stichting Reclame Code |publisher=ReclameCode.nl |date=2010-09-06 |access-date=2011-11-24 |archive-url=https://web.archive.org/web/20111008032546/http://www.reclamecode.nl/webuitspraak.asp?ID=38679&acCode%2F |archive-date=2011-10-08 |url-status=dead }} made the following decision in the case where FIR-TEX Ltd.,{{cite web |url=http://www.fir-tex.com/ |title=Website of FIR-TEX Ltd |publisher=Fir-tex.com |access-date=2011-11-24 |archive-url=https://web.archive.org/web/20111115053230/http://www.fir-tex.com/ |archive-date=2011-11-15 |url-status=dead }} the plaintiff, had put Surf Unlimited Trading BV, distributor of power-balance in the Netherlands, on trial with the following complaint:

{{quote|Advertiser claims on its website that the use of the Power Balance Bracelet improves balance, strength and agility. These allegations are not backed with any single (scientific) evidence. The plaintiff believes that this method of advertising is in conflict with the Dutch Advertising Code (NRC) as the link between wearing the bracelet and the health of the wearer has not been determined in any way.}}

The verdict of the commission was as follows:

{{quote|The Commission considers the advertisement in opposition of the provisions of Article 7{{cite web |url=http://www.reclamecode.nl/nrc/pagina.asp?paginaID=262%20&deel=2/ |title=Article 7 of the Dutch Advertising Commission |publisher=Reclamecode.nl |access-date=2013-06-20 }}{{Dead link|date=May 2020 |bot=InternetArchiveBot |fix-attempted=yes }} NRC. It recommends advertiser not to advertise in such a way anymore.}}

In January 2011, a suit was filed in the United States against the company for fraud, false advertising, unfair competition, and unjust enrichment.{{cite magazine|last=Malinowski |first=Erik |url=https://www.wired.com/playbook/2011/01/nba-lawsuit-power-balance/ |title=Basketball Stars Sued Over Energy-Bracelet Endorsement | Playbook |magazine=Wired |date=2011-01-26 |access-date=2011-11-23}} Power Balance agreed in September 2011 to settle the class action lawsuit. The settlement terms entitled Power Balance purchasers to a full $30 refund plus $5 shipping. A hearing to finalize the agreement was canceled after Power Balance filed for Chapter 11 bankruptcy protection.{{cite web|last=Lillis|first=Ryan|title=Firm that gave its name to Kings' arena files for bankruptcy protection|url=http://www.sacbee.com/2011/11/22/4072303/firm-that-gave-its-name-to-kings.html|publisher=The Sacramento Bee|access-date=18 December 2011|archive-url=https://web.archive.org/web/20111225201333/http://www.sacbee.com/2011/11/22/4072303/firm-that-gave-its-name-to-kings.html|archive-date=25 December 2011|url-status=dead}}

In November 2011, Power Balance filed for bankruptcy after suffering a net loss of more than $9 million that year.{{cite web|last=Hsu|first=Tiffany|title=Power Balance files for bankruptcy after retracting health claims|url=http://latimesblogs.latimes.com/money_co/2011/11/power-balance-files-for-bankruptcy-after-retracting-health-claims.html|work=Los Angeles Times|date=22 November 2011|access-date=24 November 2011}}

{{As of|January 2022}}, despite the lawsuits and bankruptcy filings, Power Balance bracelets were still being sold by Power Balance Technology. While their website states the Power Balance bracelets are based on Eastern philosophies, they say, "We make no claims and let the consumer decide based on their experience" if the bracelets work.{{cite web |title=About Us |url=https://www.powerbalance.com/pages/about-us |website=POWER BALANCE™ |access-date=9 January 2022}}

See also

References