Overview of the Proposed Settlement
A proposed settlement has been reached in a class action lawsuit against 'MXI' Corp. ('MXI') and several individual defendants alleging that the defendants operated a pyramid scheme contrary to Nevada law. The Court has not decided who is right in the lawsuit.
Class Members have a right to know about the proposed settlement of this class action lawsuit and about all available options before the Court decides whether to approve the settlement. If the Court approves it, and after objections and appeals are resolved, the benefits provided by the Settlement Agreement will be distributed to the Class Members.