WorldVentures RICO pyramid arbitration fails, case reopened


Our final replace on Melody Yiru’s lawsuit in opposition to WorldVentures famous a September 2018 order compelling arbitration.

In an October eleventh order, Yiru and WorldVentures filed a joint-motion requesting the case be reopened.

It seems after a 12 months arbitration between the events has failed.

Particulars of the arbitration proceedings aren’t made public within the joint-motion.

Arbitration was ordered on September eleventh, 2018. On October eleventh, 2019, precisely 13 months later,

the arbitrator appointed by AAA issued an Award referring this matter again to this Courtroom.

On October fifteenth the court docket granted the joint-motion, reopening the case.

Keep tuned as we proceed to trace it going ahead.

 

Replace ninth November 2019 – On October thirty first a mediation order was made.

The order appointed a mediator and directed the events to finish mediation inside 180 days.

WorldVentures in the meantime has filed an injunction movement on November fifth.

The identical day the court docket tentatively scheduled a Could tenth, 2021 trial date.

 

Replace twenty first Could 2020 – WorldVentures’ injunction movement was denied as moot on April twenty seventh.

 

Replace twenty first June 2020 – Arbitration might need failed however now the case has been referred to mediation.

An amended mediation order was made on June 1st, setting a July thirty first mediation deadline.

 

Replace 1st September 2020 – As per a filed August 14th Different Dispute Decision Abstract, settlement negotiations between the events has failed.

Whereas each side made diligent efforts, restricted progress was made on the mediation on August 13, 2020.

All events consider that rulings by the Courtroom on present excellent motions or future motions will possible facilitate additional settlement progress and determination of this case thereafter.

We’ll proceed to watch the docket for updates because the case progresses.

 

Replace 1st December 2020 – The case has been formally reopened by the court docket on November tenth.

The day prior, an amended criticism was filed by plaintiff Melody Yiru.

On November twenty third defendants Wayne Nugent, Daniel Stammen, World Ventures and Michael Michael Azcue filed a movement to dismiss.

There’s additionally a dispute brewing over the Arbritator’s ruling. Not price stepping into that although till the court docket points a ruling.

 

Replace sixteenth December 2020 – The court docket has scheduled a three-week jury trial for July 2022. Given current occasions, I’ve doubts WorldVentures will nonetheless be round then.

No updates on the above developments.