
FTC Files for Injunction as IML Shuts Down
Agency worries MLM defendants are dissipating assets.
July 2015: The Boyd case was voluntarily dismissed When a complaint is dismissed with prejudice, it cannot be refiled., the reasons for which have not been disclosed.
April 2014: The Peragine case was voluntarily dismissed When a complaint is dismissed without prejudice, an amended version of the complaint can be refiled., the reasons for which have not been disclosed.
September 2013: Another class-action lawsuit making similar allegations was filed against the companies. (Peragine et al v. Revel Entertainment Group LLC et al, Case No. 13-cv-5451, D.N.J.)
August 2013: A class-action lawsuit was filed against Revel Entertainment Group and Chatham Asset Management, who co-operate the Revel Casino Hotel in Atlantic City, for allegedly falsely advertising that they would refund all losses on slot machines at Revel throughout the month of July 2013. The plaintiffs allege that rather than refund losses as promised, the defendants relied on their deceptively hidden restrictions to avoid paying any refunds. (Boyd et al. v. Revel Entertainment Group, LLC et al., Case No. 13-cv-5965, S.D. NY.).
Agency worries MLM defendants are dissipating assets.
Patrick Coffee, The Wall Street Journal
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