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LuLaRoe implicated of being a pyramid scheme, struck with $1 billion lawsuit

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title=” (Generic Image) “border=” 0″ width= “180”/ > (Generic Image). (Meredith)– The multilevel marketing business, LuLaRoe, is dealing with a $1 billion, federal, class-action claim after being accused of being a pyramid plan.

CBS News reported that the suit was filed on October 23 by California residents Aki Berry, Tiffany Sheffer, and Cheryl Hayton. They are representing LuLaRoe experts, individuals who offer the company’s products.

The suit alleges the business breached the Racketeering Influenced and Corrupt Organizations Act. They likewise declared the company incorrectly declared specialists could earn full-time spend for part-time work. [Click Here To View LuLaRoe’s “Our Story” Page]

< a href=" http://www.chicagotribune.com/news/nationworld/ct-lularoe-class-action-lawsuit-20171026-story.html" target =" _ blank "> According to the Chicago Tribune, the claim claims the business motivated specialists to takeout loans and offer breast milk, and “ left some in monetary destroy with unsold goods.” Not only that, however it was reported that 80,000 experts allegedly paid thousands for inventory.

LuLaRoe is calling the claim inaccurate. In a declaration launched by the business, and acquired from News 2, LuLaRoe states:

” Our success has made us the target of orchestrated competitive attacks and predatory litigation. We take all lawsuits– regardless of its absence of merit– seriously. We have not been served with the recent grievances, however from what we have seen in media reports, the claims are baseless, factually unreliable and misinformed. We will intensely prevent them and are positive we will dominate.”

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