Hot Business News Today

Hot Business News Today

Class Action Lawsuit Filed Against Ambit Energy

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Ambit Energy customers represented by national consumer-rights law firm, Hagens Berman, today filed a class-action lawsuit against Ambit alleging that the provider of electricity and natural gas services illegally operates a massive pyramid scheme, in which Ambit uses customers as consultants to market to friends and family, lures consumers to switch energy providers with the promise of lower rates, and causes the rates to increase, according to the complaint.

“Our investigation has shown that not only does Ambit use deceptive tactics to reel in its customers, but it then exploits them for its own gains – calling them ‘consultants’ and developing more pawns in its twisted scheme for higher profits.”

Attorneys representing the class of Ambit customers state that the energy company has defrauded its 13 million customers, growing its revenue from $1 million in 2006

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Isagenix Celebrates 13th Anniversary And Over $3 Billion In Sales

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A note from Jim, Kathy, and Erik Coover: 
It’s hard to believe it’s been 13 years since Isagenix began operations from our humble roots in Chandler, Arizona.
Our journey started with a small group of employees and a few dozen Independent Associates who joined together to free people from physical and financial pain with our Solutions to Transform Lives™. In just over a dozen years, we’ve expanded into 13 countries and territories around the globe, with even more to come!
With cumulative sales totaling over $3 billion, Isagenix continues to gain momentum! In 2014 alone, we grew to over 432,000 Isagenix members around the globe!
Last year, we made our eighth consecutive appearance on the Inc. 5000 list, which recognizes the fastest-growing private companies in the United States. We were ranked No. 29 on Direct Selling

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Mary Kay Goes After Web Giant RetailMeNot

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RetailMeNot has prepared a statement claiming it believes to be in compliance with the law, but that the company is prepared to fight back in the suit.

“RetailMeNot, Inc. takes concerns related to third party intellectual property very seriously,” the prepared statement said. “RetailMeNot, Inc. continues to believe that it operates in compliance with law and in the best interests of consumers and its retail partners by aggregating information to help shoppers save money using its websites and mobile apps. 

“RetailMeNot, Inc. believes the allegations in this lawsuit are without merit and intends to vigorously contest this matter.”
Original Post: Cosmetics retailer Mary Kay has filed a lawsuit in federal court against digital coupon giant RetailMeNot, claiming the company is soliciting coupons for the cosmetic company without its consent.
Mary Kay says in the suit, filed on Friday

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Herbalife Unveils Massive Public Relations Blitz In Response To Critics

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LA Times reports: Amid relentless attacks on its business model, Los Angeles nutritional products company Herbalife Ltd. is firing back at its critics with its first Southern California television advertisements in more than a decade.
With a big rally in downtown Los Angeles, the company kicked off a massive public relations campaign that portrays its products as effective in helping users lose weight and stay fit.
Herbalife has traditionally shied away from expensive television advertising, instead relying on its independent salespeople to spread the word about its weight-loss and nutrition products through personal contacts. It also promotes the company through a variety of sponsorships, including the Los Angeles Galaxy soccer team.
But the company decided to change its strategy as activist investor Bill Ackman continued his two-year, high-profile attack on the company’s business practices. 
Ackman has

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