Jeunesse RICO class-action settlement on the horizon
At the heart of the Jeunesse RICO pyramid lawsuit is the allegation that plaintiffs James Aboltin and Pamela Knight were
deceived by Jeunesse’s misleading business opportunity, falsely believing that it was a legitimate way to earn money.
Currently a proposed class-action, on June 29th Aboltin and Knight requested a stay on the case pending settlement.
Specifics of the proposed settlement have as of yet not been made public.
As per the June 29th Stipulated Motion;
After extensive negotiations between the parties … the Plaintiffs and Defendants have agreed in principle to the material terms of a class-wide settlement of all claims in this case.
The parties now must draft formal settlement documents and anticipate moving for preliminary approval of the class action
settlement by August 1, 2018.
The requested stay, if granted, would effectively halt the case pending preliminary approval of a proposed class settlement agreement.
I suspect Jeunesse are going to neither deny or admit the allegations in the lawsuit, however monetary relief will likely be on the cards for those who feel they were scammed.
Pending approval of the stay request and details of the proposed settlement being made public, stay tuned…