
SEC Sues OnPassive Alleging It’s a Pyramid Scheme
Lawsuit claims company defrauded over 800,000 investors of more than $108 million.
March 2015: This action was dismissed When a complaint is dismissed with prejudice, it cannot be refiled. because the parties reached a settlement. The terms of the settlement have not been disclosed.
October 2014: A class-action lawsuit was filed against Charles Tyrwhitt, Inc. alleging, among other things, that the retailer of men’s suits, shirts, and ties misleadingly advertises discounts by comparing sale prices to false former prices. In addition, the complaint claims that the retailer misleadingly represents that clothing is made in Great Britain when it is actually made in other places, including China and Sri Lanka. (De La Torre et al v. Charles Tyrwhitt, Inc., Case No. 14-cv-04603, N. D. CA.).
Similar lawsuits were filed against another retailer of men’s suits, Jos. A. Bank, for allegedly deceptively advertising discounts. Click here to learn more about Jos. A. Bank and TINA.org’s coverage of the retailer.
For more information about other class-action lawsuits regarding the advertising of discounts and TINA.org’s coverage of the topic, click here.
Lawsuit claims company defrauded over 800,000 investors of more than $108 million.
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