Welp, it's hard to say we didn't see this coming. Power Balance, the company behind the sketchy "energy and balance" hologram-stamped rubber bracelets, is filing for bankruptcy and scrapping the bracelets for good after losing a $57 million lawsuit for—*gasp*—misleading conduct! When you claim that a rubber band can enhance your body's energy and promote balance in a design that was supposed to mimic Eastern philosophies, you better have the scientific proof to back it up, son!

Maybe these are also to blame for Lindsay Lohan's chemical imbalance? Nah. [Huffington Post]

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