Louisville's Kenyon Meyer Defends Clients in Class Action Suit Involving Pyramid Scheme and False Representation
In January of 2013, the Lexington Herald-Leader reported on a pyramid scheme that involved more than 100,000 people and hundreds of millions of dollars. The company, Fortune Hi-Tech Marketing was alleged to have collected $249 from clients in exchange for marketing help. However, a class-action lawsuit claimed that 90% of consumers lost their money. Dinsmore Louisville office managing partner Kenyon Meyer filed a class-action lawsuit in 2010 and was called for comment when state and federal authorities raided the company in 2013, seizing all of its assets. An excerpt is below:
Louisville attorney Kenyon Meyer filed a class-action lawsuit in 2010 against Fortune Hi-Tech in federal court in Lexington. Fortune Hi-Tech argued for the case to go to arbitration behind closed doors, but the judge agreed to hear it in open court. Fortune Hi-Tech then appealed the decision to the 6th Circuit U.S. Court of Appeals.
"I am pleased that the federal government and three attorneys general and the federal court has verified what we've been alleging since we filed the lawsuit, which is that this is a massive pyramid scheme and many people have been deprived of their money thanks to false representation," Meyer said.
Read the entire article here.