Amway Quixtar Class Action Settlement Of Class Action Lawsuit Against Amway Brought By Amway Distributors Or Independent Business Operators Over Alleged Illegal Pyramid Scheme.
A class action settlement has been reached in a class action lawsuit against Amway, Corp. f/k/a Quixtar Inc. (“Amway” or “Quixtar” or “Defendant”) pending in the United States District Court for the Northern District of California (styled Pokorny v. Quixtar, Civil Action Case No. 07-00201), alleging, among other things, that Amway and its top distributors operated a fraudulent and illegal pyramid scheme that allegedly induced Amway distributors or Independent Business Owners (“IBOs”) to invest in products to sell and allegedly made false promises that Amway distributors could earn big profits, according to Amway Quixtar class action settlement news reports.
The Amway Quixtar class action settlement reportedly includes former Amway Quixtar distributors or Independent Business Owners IBOs since 2003 as settlement class members. The Amway Quixtar class action settlement reportedly provides, among other things, that Amway will pay $34 million in cash and provide $22 million worth of products to settle the lawsuit.
If the Amway settlement is approved, former Amway distributors or Amway Independent Business Owners can reportedly file claims to receive up to $100 worth of Amway products, with shipping costs for those products coming from the cash settlement pool and former Amway distributors who lost more than $2,500 can reportedly make a claim for cash payments of up to $15,000 to cover their losses.
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