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Thread: Ambit Socked with 1 Billion Dollar Lawsuit!!!

  1. #1
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    Ambit Socked with 1 Billion Dollar Lawsuit!!!

    $1B suit accuses direct-energy retailer Ambit of fraud

    $1B suit accuses direct-energy retailer Ambit of fraud

    5/24/2011 COMMENTS (1)


    NEW YORK, May 24 (Reuters) - Direct-to-consumer energy retailer Ambit Energy LP was hit Monday with a lawsuit seeking more than $1 billion for allegedly defrauding and harassing an independent consultant it had signed up to recruit new customers.
    The suit, filed in Brooklyn federal court, accuses the Texas-based company of federal racketeering, fraud and unfair business practices. The plaintiffs, Nicole Gubin and her company, BH Seven LLC, also brought claims of libel, defamation and harassment.
    Ambit buys electricity and natural gas at wholesale prices and resells it to customers recruited by a network of more than 60,000 independent agents such as Gubin. The company operates in New York, Texas and several other states with deregulated energy markets.
    The lawsuit characterizes Ambit as "operating as a pyramid scheme which makes false and misleading statements that constitute deceptive acts or practices."
    The suit also accuses Ambit's top executives of spreading false statements about Gubin's job performance, poaching her customers and discriminating against her for being Jewish and a woman.
    The plaintiffs seek $600 million in compensatory damages, $250 million in punitive damages, $250 million in liquidated damages and $13 million in attorneys' fees and costs. They also requested a permanent injunction enjoining Ambit from doing business in New York.
    A representative for Ambit, Robin Stevens, said the company had not had a chance to review the allegations made by Gubin, who is still listed as one of the company's active consultants.
    But Stevens added that the company has "done nothing to defame, defraud or otherwise damage Ms. Gubin, and we are confident these allegations as stated will be shown to be groundless and without merit."
    According to the complaint, the company unfairly accused Gubin of violating its policies and procedures and blocked her from operating a website on which she signed up new Ambit customers. She also alleged Ambit attempted to sign up new customers on its own, siphoning off her potential recruits, and withheld monthly payments and bonuses.
    The case is Nicole Gubin and BH Seven LLC v. Ambit Energy LP et al., in the U.S. District Court for the Eastern District of the State of New York, no. 11-2483.
    For Gubin: Flora Rainer of the Law Office of Flora Rainer.
    For Ambit: Not immediately available.
    (Reporting by Jessica Dye)
    __________________________________________________ _________________
    Hmmmm doesn't all this sound rather familiar....

    Soapboxmom
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    Re: Ambit Socked with 1 Billion Dollar Lawsuit!!!

    The only thing necessary for the triumph of evil is for good men to do nothing

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    Re: Ambit Socked with 1 Billion Dollar Lawsuit!!!

    The only thing necessary for the triumph of evil is for good men to do nothing

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    Re: Ambit Socked with 1 Billion Dollar Lawsuit!!!

    The only thing necessary for the triumph of evil is for good men to do nothing

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    Re: Ambit Socked with 1 Billion Dollar Lawsuit!!!

    The only thing necessary for the triumph of evil is for good men to do nothing

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    Re: Ambit Socked with 1 Billion Dollar Lawsuit!!!

    Our own Ethan Vanderbuilt is blogging about yet another suit against the sleazy Ambit MLM:

    Ambit Energy Scam vs. Michael Urbino - Ethan Vanderbuilt

    It's an awesome read!
    Anyone needing assistance please feel free to use this e-mail in addition to the PM system here to contact me: soapboxmom@hotmail.com

    Dallas College Richland Campus Music Advising Derrick Logozzo / Melissa Logan / Not NASM Accredited / Out of State Tuition Nightmare!

    Love some Bunny! I do!

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    Re: Ambit Socked with 1 Billion Dollar Lawsuit!!!



    Ambit Energy

    Ambit Energy

    Date Filed: March 26, 2015
    Court: U.S. District Court for the Northern District of Illinois
    Type of Case: Consumer Rights
    Case Number: 1:15-cv-02553
    Status: Active
    Company Name: Ambit Energy Holdings LLC, Ambit Midwest LLC, Ambit Texas LLC, Ambit Northeast LLC, Ambit New York LLC, Ambit Marketing LLC

    Contact Us:
    - Sign Up - Fill out the form on the right
    - Email Attorneys
    - 206-623-7292

    Resources:
    Download Complaint

    Ambit Energy customers represented by national consumer-rights law firm, Hagens Berman, have 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....

    The complaint states that Ambit’s marketing “fails to deliver on its representations,” and fails to inform consumers who switch to Ambit that they will see their energy rates “skyrocket.”
    The billion dollar lawsuit fizzled out and was dismissed. Now we have yet another one. Ambit is getting hammered.
    Anyone needing assistance please feel free to use this e-mail in addition to the PM system here to contact me: soapboxmom@hotmail.com

    Dallas College Richland Campus Music Advising Derrick Logozzo / Melissa Logan / Not NASM Accredited / Out of State Tuition Nightmare!

    Love some Bunny! I do!

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