Stream Energy / Ignite Announce Dismissal of Federal Lawsuit

by louabbott on November 10, 2009

Judge Rules Plaintiffs Must Resolve Complaints with Ignite Through Arbitration

In a nutshell, the above was the ruling by the judge in response to the lawsuit filed last July against the MLM arm of Stream Energy, Ignite.  More details of the case can be found here: Natural gas retailer charged in pyramid scheme

DALLAS, Nov. 10 /PRNewswire/ — Stream Energy Chairman Rob Snyder announced today that a federal lawsuit filed in Houston last summer against the retail energy provider and its Ignite marketing arm on behalf of a purported class has been dismissed by the U.S. District Court, Southern District.

U.S. District Judge Kenneth M. Hoyt ruled that the two plaintiffs at the heart of this Federal lawsuit — former associates of the firm’s Ignite sales force in Texas — could not avoid their prior agreements to resolve any disputes with Stream Energy or Ignite through arbitration proceedings.

The case has therefore been dismissed by the Federal District Court and declared closed.

“I am pleased by Judge Hoyt’s ruling and know the claims manufactured by the plaintiffs’ lawyers at the heart of this lawsuit to be absurd,” Stream Energy Chairman Rob Snyder said. “There was no legal basis for the matter in the first place,” he added. “The direct sales business model used by Stream Energy and Ignite has been employed for many years by firms such as Mary Kay and repeatedly found to be unquestionably legal.”

Full article at Yachts, Vacations & Charters

Also, read our company overview:  Ignite Inc./Stream Energy Facts, News and Review

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{ 1 comment… read it below or add one }

Tiffany November 17, 2009 at 7:21 pm Thumb up 1 Thumb down 2

I agree with Snyder. I researched several MLM companies like Mary Kay, Sentsy, Primerica, and more when deciding on a great company for me to own. I chose Stream, but felt comfort in seeing the structure in all these companies was very similar. Although stream was a new company, I felt confident due to the solid structure and history of sucess. It hasn’t let me down yet. IMHO, many legit MLM companies seem basic in structure. You just have to find one you enjoy owning.

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