Scheme

Notices Aug 7, 2019

EQUITY ALERT: Rosen Law Firm Announces Filing of Securities Class Action Lawsuit Against National General Holdings Corp. – NGHC

NEW YORK–(BUSINESS WIRE)–Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of National General Holdings Corp. (NASDAQ: NGHC) from August 6, 2015 through August 9, 2017, inclusive (the “Class Period”). To join the National General class action, go to http://www.rosenlegal.com/cases-register-1644.html or …

News Jun 24, 2019

Purdue’s Sackler Family Must Face Lawsuit Saying They Triggered Opioid Epidemic

Garguilo ruled Friday that the court may have jurisdiction over the family “on the ground that some or all of them acted as Purdue’s agents in perpetrating the alleged scheme.” He rejected the Sacklers’ argument that they cannot be held liable for actions that can be attributed to the company’s board of directors as a whole or for the conduct of any other defendant unless they personally …

Lawsuits May 21, 2019

Sandals Resorts ‘Operated Tax Fraud Scheme by Charging Guests 12% Tax Rates but Pocketed the Cash’

Sandals Resorts has been hit with a massive lawsuit over claims the company worked in concert with local Caribbean governments in a decades-long tax fraud scheme, according to court papers obtained by DailyMail.com. Sandals Resorts has been hit with a massive lawsuit over claims the company worked in concert with local Caribbean governments in a decades-long tax fraud scheme, DailyMail.com has …

Lawsuits May 13, 2019

States Sue Drugmakers Over Alleged Generic Price-Fixing Scheme

States Sue Drugmakers Over Alleged Generic Price-Fixing SchemeEnlarge this image Jose A. Bernat Bacete/Getty Images Jose A. Bernat Bacete/Getty ImagesConnecticut Attorney General William Tong has a skin condition called rosacea, and he says he takes the antibiotic doxycycline once a day for it. In 2013, the average market price of doxycycline rose from $20 to $1,829 a year later. The suit is a …

Class-Actions Apr 22, 2019

Former LuLaRoe Consultants Suing for “Billions” in New Lawsuit

In a Federal Court in March, attornies for a group of consultants provided the sordid details in the class-action filing. According to the suit, LuLaRoe is a fraudulent pyramid scheme that preys on stay-at-home mothers. The company promotes the business as a way for mothers to make extra income for their families. LuLaRoe recruits women to join the company and promises that they will be able to sell their clothing. Despite the claims made by the company to recruits, the suit alleges the company ran an illegal pyramid scheme from 2013-mid-2017. Additionally, they allege that LuLaRoe knew the company was an illegal pyramid scheme while they recruited women to join the company. From the company’s inception until at least mid-2017, LuLaRoe paid the majority of their commissions and bonuses on the recruitment of new members. New members purchased start-up packages ranging from $5,000 to $9,000.00.

Lawsuits May 9, 2017

Was Fyre Festival a Ponzi Scheme? Lawsuit Says Organizers Knew It Was Fraud

Fyre Festival wasn’t just a disaster, it was a total fraud that organizers knew for weeks would end in a “post apocalyptic nightmare” — but went ahead in hopes of a big payday, according to the latest legal filing against the creators of the event. An amended lawsuit, filed Monday in federal court in California and acquired by Mashable (below), goes so far as to liken Fyre to a “Ponzi scheme.” …

Lawsuits Mar 15, 2017

Federal Lawsuit Alleges AdvoCare a Pyramid Scheme

Two former AdvoCare salespeople have filed a class-action lawsuit against the nutritional products company and some of its top earners, claiming that AdvoCare is little more than a pyramid scheme that survives by primarily taking money from the hundreds of thousands of people who sell its products. The Dallas Morning News reported that plaintiffs Lisa …

News Sep 23, 2016

Bank Seeks to Dismiss Lawsuit by Alleged Ponzi Scheme Victims

PNC Bank has asked a federal judge to throw out a lawsuit brought by victims of William Apostelos’ alleged Ponzi scheme. The class action lawsuit filed by Dr. Rafael M. Cruz, Dr. Gloria Cruz and Dr. Rafael F. Cruz in Dayton’s U.S. District Court seeks at least $30 million in damages. The suit alleges that PNC Bank missed red flags that Apostelos used his accounts in a suspicious manner.

Settlements Apr 21, 2016

Black Saturday Distributions Could Start by End of Year

Black Saturday settlement distributions could start by end of year People claiming person injury or dependency may receive about 70 per cent of their loss while those claiming economic or property loss will receive about 30 per cent, a ruling by the Victorian Supreme Court said.File image Distributions from the $494 million class action settlement over the 2009 Black Saturday bushfires in…