According to the complaint, Skechers made health-related claims in marketing and advertising its line of rocker-bottom shoe products, including Shape-ups, Tone-ups and the Skechers Resistance Runner, but could not substantiate the claims with competent and reliable scientific evidence.

Skechers did not admit to wrongdoing as part of the settlement, but agreed that its future advertisements would be supported by scientific evidence, according to the Colorado Attorney General's Office.

As part of the settlement, the participating states will each receive a portion of a $5 million fund to support future consumer protection actions.

The remaining $40 million will be placed into a consumer redress fund. Consumers who believe they were misled by the advertising can file claims online or call 866-325-4186.

Consumers affected by the settlement can expect to receive approximately $20 for each pair of shoes purchased.