November 1st, 2019
July 2018: A state court judge granted final approval of the settlement agreement. February 2018: A state court judge preliminarily approved a settlement agreement. According to the terms, class members who were rolled off of Ambit’s Guaranteed Savings Plan to its New York Select Variable Plan may receive a refund in an amount that depends
March 27th, 2018
February 2018: A federal judge granted preliminary approval of a settlement agreement. According to the terms, class members will receive a partial refund for the amount they paid while on a variable plan. Class members who were enrolled in a variable plan between January 2011 and January 2014 will receive a 15% refund and class
December 18th, 2017
TINA.org investigation reveals misleading income claims used to market MLM opportunity.
September 4th, 2015
September 2015: This action was dismissed after plaintiffs failed to amend claims that were dismissed in July 2015. July 2015: A federal judge granted Ambit Energy’s motion to dismiss the complaint finding, among other things, that the plaintiffs failed to state a claim under New Jersey law because the complaint did not sufficiently plead the
December 14th, 2017
March 2017: A federal judge granted Ambit’s motion for summary judgment concluding that there was no fraudulent misrepresentation or fraudulent intent, among other things. To learn more about the judge’s decision, click here to read the full court order. 2015: A false advertising class-action lawsuit was filed against Ambit Energy for allegedly using a pyramid
June 23rd, 2015
In June 2015, a class-action lawsuit was filed against Ambit Energy for allegedly marketing itself as less expensive than other utility companies when, in reality, Ambit customers end up paying more for energy. Specifically, the complaint alleges that Ambit promises that its budget billing program helps customers “avoid the highs and lows of the usual
October 13th, 2015
Readers have told us to look into these MLMs.
September 8th, 2014
What TINA.org thinks you should wake up to regarding this questionable company.