Results for "pyramid scheme lawsuit"

MLM News Alert

August 10th, 2020

TINA.org’s curated list of MLM info and news of note.


WorldVentures

December 30th, 2020

December 2020: This case was automatically stayed pending the company’s bankruptcy proceedings. November 2020: The Court was notified that the arbitrator clarified the arbitration award. The judge then reopened the case pursuant to the September 2020 order and plaintiffs filed a Renewed First Amended Complaint that adds recent statements from the FTC regarding pyramid schemes.


Bitconnect

July 31st, 2020

February 2019: This case was consolidated with several related cases. (Case No. 18-cv-80086, S.D. Fl.) For more information about the consolidated case, click here. November 2018: This action was transferred to a court in Florida. (Case No. 18-cv-81549, S.D. Fla.) February 2018: A federal judge granted a preliminary injunction against one of the defendants (Maasen)


Bitconnect’s Marketing Representations

July 31st, 2020

February 2019: This case was consolidated with several related cases. (Case No. 18-cv-80086, S. D. Fla.) For more information about the consolidated case, click here. October 2018: The case was transferred from a court in Minnesota to a court in Florida. (Case No. 18-cv-81329, S.D. Fla.) January 2018: A class-action lawsuit was filed against Bitconnect


BitConnect Multidistrict Litigation

July 31st, 2020

April 2020: Several of the named plaintiffs filed a Notice of Appeal regarding the dismissal orders. March 2020: The claims against the remaining defendants were dismissed for failure to state a claim. January 2020: A federal judge denied the plaintiffs’ motion to use alternative methods to serve (or provide notice of the litigation to) defendants


MarketAmerica

July 31st, 2020

January 2020: This case was stayed pending arbitration, administratively closed, and consolidated with Market America v. Yang (Case No. 17-cv-897, M.D.N.C.). April 2019: The California case was transferred to a court in North Carolina where an order granting MarketAmerica’s petition to compel arbitration was filed in a related case (Market America, Inc. et al v.


Young Living

July 24th, 2020

June 2020: This case was transferred from a court in Texas to one in Utah. (Case No. 20-cv-470, D. Utah) May 2020: The stay in this case was lifted. April 2020: The Fifth Circuit Court of Appeals affirmed the district court’s decision to deny arbitration. (O’Shaugnessy et al v. Young Living Essential Oils,, L.C. et


Ad Watchdog TINA.org Reports Herbalife’s Coronavirus Claims to FTC

April 28th, 2020

MADISON, CONN. April 28, 2020 – Truthinadvertising.org (TINA.org) has filed a complaint against multilevel marketing company Herbalife with the Federal Trade Commission (FTC) for deceptive claims that Herbalife products can help prevent and treat the coronavirus by boosting the immune system. The ad watchdog is urging the agency to open an inquiry and take immediate



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