litigation
confidence high
sentiment negative
materiality 0.65
Investview commences litigation against TPP for failing to honor customer protection commitments
Investview, Inc.
- Filed suit in Delaware Chancery Court to compel TPP to fulfill $6M+ in premiums paid for customer protection program.
- Customers report inability to reach TPP, website inoperative, and email claiming TPP affiliate cannot pay.
- TPP Program backed Apex equipment sale-leaseback and $16.6M in ndau digital currency distributions.
- Company suspended TPP Program in Q4 2021 after TPP failed compliance; now seeks to clarify customer rights.
- Company believes it has no legal exposure but acknowledges risk of customer claims if TPP fails.