[ATTILAGLIC]

Energy Balance LLC might have to spend $57 million for phony athletic-enhancing necklaces It's game over for a band organization that increased earnings while declaring its item bolstered running performance. The organization that made the Ability Balance band, the hologram-embedded bit of plastic used by activities a-listers like Shaquille O'Neal, Lamar Odom and David Beckham, might have to cough up $57 million for deceptive clients, based on TMZ. Jason Damata of Power Balance LLC reached out to the Daily News to refuse the $57 million volume. "The rumors began by TMZ are obviously, way off the mark. PB [Power Balance] isn't losing sight of business," Damata told the News Headlines. "PB is clearly along the way of starting a brand new item, named efficiency mouth equipment in areas within the next several weeks." Damata said that the organization had filed for Chapter 11 bankruptcy safety and that there had been a recently available negotiation for $1 million. In January, the Southern California-based Power Balance LLC accepted its $30 band didn't actually support players with power, stability and control and issued a statement. 'We acknowledge that there's number reliable scientific research that supports our statements and consequently we engaged in misleading conduct,' the organization wrote in a record to the media. 'If you feel you've been fooled by our campaigns, we desire to unreservedly apologize and provide a full return.' It was not only the players who have been caught red-faced carrying a huckster item. A whole baseball team was not exactly captured promoting the bogus bling. Per week after Power Balance released its mea culpa, the NBA's Sacramento Kings almost forged a multimillion-agreement to place the business's name on the Kings' baseball industry for at the very least five years. Case was quickly filed in federal court seeking damages. Significantly more than 2.5 million Power Balance necklaces have now been distributed global. Study more: http://www.nydailynews.com/life-styl...#ixzz1eVh5AuFs