FTC Staff Urge MLMs Not to Rely on Industry Income Disclosure Guidance
Advisory opinion letter raises “serious concerns” with self-reg group’s guidance.
Juno
In June 2017, a class-action lawsuit was filed against Juno (a company offering ridesharing services) for allegedly luring drivers from other services to join the company by promising them equity ownership when, according to plaintiffs, drivers who chose to receive $100 in shares of Juno acquired “worthless” shares. (Razzak et al v. Juno USA, LP et al, Case No. 17-cv-4373, S. D. NY.)
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