Stanley Black & Decker, Inc., headquartered in Towson, MD, is a leading global provider of power tools, hand tools, and related accessories. The company has recently been involved in a class action lawsuit regarding the marketing of certain branded titanium and cobalt drill bits and saw blades, with a settlement offering monetary benefits to eligible customers.
As part of the settlement, Stanley Black & Decker, Inc. has agreed to modify the packaging of the covered products and provide payments to customers who purchased the affected drill bits and saw blades between April 13, 2015, and October 13, 2021. While the company denies any wrongdoing, customers have the option to submit a claim for a monetary benefit, exclude themselves from the settlement, or file an objection before the final approval hearing in March 2022.
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