Two ongoing civil fraud circumstances involving Premier Monetary Alliance have been consolidated right into a single class-action.
The 2 Californian circumstances Premier Monetary Alliance is at the moment defending are:
- a 2018 go well with filed by Rui Chen and Wenjian Gonzales, alleging pyramid scheme fraud; and
- a 2019 go well with filed by Youxiang Eileen Wang and Biyun Zong, alleging Premier Monetary Alliance focused Asian immigrants for fraud.
Each circumstances are proposed class-actions and have been consolidated by court docket order on April sixteenth.
The identical day the circumstances have been consolidated, Girard Sharp LLP was appointed Interim Class Counsel.
The Plaintiffs have been directed to file a consolidated grievance (combining allegations made throughout the 2 unique lawsuits), inside fourteen days from April sixteenth.
Premier Monetary Alliance have been directed to file their response to the lawsuit inside twenty-one days of the submitting.
Replace eleventh March 2021 – Been following this case because it chugs alongside. The most recent replace is a Class Certification Movement Listening to has been scheduled for August eighth, 2021.
That listening to will decide if the consolidated case towards PFA will proceed as a class-action.
Replace seventh June 2021 – One other movement to certify the category was filed on Might 14th.
A listening to to certify the category has been scheduled for August twenty fourth. This replaces the beforehand scheduled August eighth listening to.
I’ve scheduled our subsequent case docket test for August twenty fifth.
Replace seventeenth November 2021 – On November third a partial class certification masking Californian PFA associates was granted.