
FTC Files for Injunction as IML Shuts Down
Agency worries MLM defendants are dissipating assets.
Elgindy et al. v. AGA Service Co. d/b/a Allianz Global Assistance et al.
20-cv-6304, N.D. Cal.
(Sept. 2020)
Tasakos et al. v. AGA Service Co. (d/b/a Allianz Global Assistance et al.
22-cv-433, W.D. Wash.
(April 2022)
Trip insurance policies and event ticket insurance policies
Misleadingly offering consumers insurance for tickets to events and travel arrangements for a specified price without adequately disclosing that consumers who purchase the insurance are charged additional fees
Elgindy case: Settled
(Final approval granted; appeal filed)
Tasakos case: Stayed pending settlement in Elgindy case
Agency worries MLM defendants are dissipating assets.
Patrick Coffee, The Wall Street Journal
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