UPDATE: A federal appeals court rejected the Frosted Mini-Wheats class action settlement July 13, 2012 for being "too vague" and unfair to consumers. 

A series of complaints against the Kellogg Company for falsely advertising that its Frosted Mini-Wheats cereal improves kids’ attentiveness may mean your kid isn’t getting smarter from eating Mini-Wheats, but it could mean an extra $15 in your pocket, thanks to a class action lawsuit settlement.

In April 2009, the Kellogg Company agreed to settle Federal Trade Commission charges that it violated federal law by falsely advertising that a breakfast of Frosted Mini-Wheats is “clinically shown to improve kids’ attentiveness by nearly 20%.” Over a year later, a federal court certified a class action lawsuit against the Kellogg Company for false and deceptive advertising and breach of express warranty. The Frosted Mini-Wheats class action lawsuit claimed that Kellogg falsely advertised that its Frosted Mini-Wheats cereal improved kids’ attentiveness, memory and other cognitive functions to a degree not supported by competent clinical evidence. Kellogg stands by its advertising and denies it did anything wrong, but has agreed to pay $2.75 million to settle the case.

If you purchased Kellogg’s Frosted Mini-Wheats cereal between January 28, 2008 and October 1, 2009, you may be entitled to a cash reimbursement from the Mini-Wheats class action settlement. All you have to do is submit a valid claim form either online at www.CerealSettlement.com or postmarked by June 3, 2011.

As part of the Kellogg’s Frosted Mini-Wheats settlement, you can receive $5 per box of Frosted Mini-Wheats you purchased during the class period, with a maximum recovery of $15 for the purchase of up to three boxes. If you wish to opt out of or object to the Frosted Mini-Wheats settlement, you must do so no later than January 15, 2011. A court will decide whether to approve the Kellogg’s settlement at the Settlement Hearing scheduled on February 14, 2011.

More information on the Kellogg’s Frosted Mini-Wheats Class Action Lawsuit Settlement, including how to file a claim to receive up to $15, can be found at www.CerealSettlement.com.