Stream, a leading direct selling company and provider of essential services, on October 16 realized a key appellate victory in its ongoing Federal class action litigation before the U.S. Fifth Circuit Court of Appeals in New Orleans.
Arising out of oral arguments held during February 2015, the Fifth Circuit panel voted to decertify a purported class of plaintiffs whose two named representatives alleged violations of the Racketeer Influenced and Corrupt Organizations Act. This appellate ruling reverses a prior January 2014 order of the U.S. District Court for the Southern District of Texas that erroneously certified a class of plaintiffs consisting of current and former Stream Independent Associates.
The Federal class action lawsuit in question alleges that Stream operates a pyramid scheme in violation of Federal racketeering laws. Stream has vehemently denied these charges and