Macy's Facing Lawsuit Over Gold Sales

Macy's, the Cincinnati-based retailer, is facing a class action lawsuit that stems from a complaint at its Burlington location.

According to BizJournals.com, the lawsuit states Macy's sold gold-plated sterling silver as "fine gold," in violation of the Federal Trade Commission rules. The class-action suit was filed in the federal court in Boston.

The article states that the lawsuit alleges that customer Natalya Baruskova purchased earrings in 2010 from the Macy's in Burlington that were labeled as "fine gold." The lawsuit states the earrings were actually sterling silver covered in a layer of gold or gold alloy.

According to the story, the lawsuit states that the plaintiff verified with a jeweler that the earrings were plated with a thin gold coating. The plaintiff believes thousands of consumers may have been affected but the full size of the class action isn't yet known.

According to BizJournals.com the lawsuit seeks monetary damages in the form of full refunds, punitive damages and attorney costs.

What do you think? Have you ever bought any 'fine gold' at Macy's that seems suspicious? Let us know what you think in the comments below.