FTC Files for Injunction as IML Shuts Down
Agency worries MLM defendants are dissipating assets.
February 2015: This action was voluntarily dismissed When a complaint is dismissed with prejudice, it cannot be refiled. because the parties reached a settlement agreement. The terms of the settlement have not been disclosed.
September 2013: A class-action lawsuit against Advance America was filed for allegedly deceptively advertising its payday loans. Among other things, the complaint alleges that the company deceives consumers in promotional materials by representing that the 350% APR “doesn’t matter” and it is not the appropriate measure of how much customers will pay. (Zieger et al. v. Advance America, Cash Advance Centers, Inc. d/b/a Advance America, NCAS of Delaware, LLC d/b/a Advance America, Case No. 13-cv-01614, D. DE.).
Agency worries MLM defendants are dissipating assets.
Patrick Coffee, The Wall Street Journal
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