Neora’s “we wish to legalize pyramid schemes” lawsuit towards the FTC has been dismissed.
Neora’s Illinois swimsuit was filed in a preemptive try to undermine the FTC’s pending case towards them.
Particularly Neora sought declaration that “Nerium is just not and by no means has been a pyramid scheme”.
In step with a New Jersey District Court docket, which discovered Neora’s lawsuit to have been “filed in unhealthy religion”, the Illinois District Court docket was having none of it.
In dismissing Neora’s lawsuit Decide Ellis rejected Neora’s arguments. If Neora wished to show it wasn’t a pyramid scheme, they have been ready to take action by defending the FTC’s enforcement motion.
Neora acknowledge(s) as a lot of their criticism, which states “whether or not or not Nerium is a pyramid scheme is inherently a fact-specific inquiry.”
Neora recommend(s) that regardless, the Court docket ought to make a fact-based inquiry as a result of there may be proof to make this willpower.
Neora cite(s) no legislation in help of this proposition.
Neora’s lawsuit was dismissed on August thirty first “for lack of material jurisdiction”.
Of their enforcement motion lawsuit, the FTC alleges Neora is a pyramid scheme.
Final month Neora didn’t dismiss the case. They did nonetheless handle to get the case moved from New Jersey to Texas, the place Neora is headquartered.
On September ninth Neora filed its reply to the FTC’s criticism. Keep tuned as we proceed to trace the case.