As per the FTC’s Neora case docket, a three-week bench trial has been scheduled for October 11th, 2022.
No that’s not a typo, the trial is two years away.
The FTC alleges Neora is a pyramid scheme and sued the company last November.
In an attempt to get ahead of the FTC’s complaint, Neora rushed to file it’s own preemptive retaliatory lawsuit.
Neora’s lawsuit was found to have been filed in bad faith and dismissed last month.
I really can’t see this going to trial unless Neora believes they have a shot at legalizing pyramid schemes in the US.
Two years is plenty of time to come up with a settlement, so I guess we’ll have to wait and see how the case pans out.
I’ll be checking the case docket monthly from here on out. Any minor updates will be added below. Major updates will be pushed out as new articles.