There’s a lot of chatter going around a few regulation agency’s investigation into Luis Ruelas‘ firm, Digital Media Solutions, Inc., however we’re right here to interrupt down why it’s not a “massive deal,” in response to one lawyer.
Earlier this week, a press launch from Busines Wire introduced that the regulation agency Glancy Prongay & Murray LLP, which makes a speciality of class motion lawsuits, was investigating Luis Ruelas’ firm.
“Glancy Prongay & Murray LLP (‘GPM’) publicizes its investigation of Digital Media Options, Inc. (NYSE: DMS) (f/ok/a Leo Holdings Corp.) regarding the Firm and its administrators’ and officers’ potential violations of state legal guidelines,” the press launch learn.
The Bravoverse was in a tizzy after this press launch made its manner round social media. Nonetheless, one lawyer, Allegra Rineer, who goes by Legally 40ish on Instagram, broke down the investigation and revealed why it’s “not” as massive of a deal as some are making it out to be.
In response to Legally 40ish, the “press launch” was principally an commercial to get info so they may doubtlessly construct a case towards Luis’ firm IF there’s something to uncover. Principally, this can be a fishing expedition – plain and easy. The regulation agency can be investigating tons of different companies like Adidas, Tesla, and extra.
Legally 40ish explains:
I’m seeing a lot of chatter about this headline involving Luis Ruelas’ enterprise, and right here’s why I wanna let you know. It’s actually not that massive of a deal. So this regulation agency put out a press launch relating to their investigation into Luis’ enterprise. You’ll notice that that is thought-about lawyer promoting. Now, for those who go to this agency’s web site, you’ll discover that they’re really a category motion regulation agency, they usually examine corporations to aim to get some info to construct a case for a category motion lawsuit. You’ll see right here they’re investigating all types of companies.
We’ve obtained Adidas, AllBirds, I imagine, Teslas on right here. In order that they’re investigating all of those corporations to doubtlessly be capable to carry a category motion lawsuit. Name me when the FTC will get concerned, then I’ll have an interest.
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