A california man is suing amway, claiming the company’s emphasis on recruitment entitles him to additional pay. A group of retirees is suing amway’s parent company, alticor inc., alleging that the company mismanaged a retirement plan, offering investment options with unusually high fees. The lawsuit claimed the company's 401 (k) plan.
On january 8, 1998, a group of distributors (the morrison group) sued amway in texas state court alleging a number of federal and state law claims. Amway retirement savings plan, ada, mich., had $1.1 billion in assets as of dec. Amway has agreed to settle a suit by some of its independent business owners (ibos) alleging that the direct sales giant operated as a pyramid scheme.
31, 2022, according to the latest form 5500. “record companies”) sued amway and approximately fifty amway independent business owners (“ibos”) in the u.s. Mllive.com reports that the lawsuit demands compensation for time spent.