Following a jury verdict towards them, LuLaRoe has been ordered to pay $164 million in damages.
The damages had been awarded to Windfall Industries, a former provider of LuLaRoe’s leggings.
Windfall Industries (dba MyDyer), filed go well with towards LuLaRoe in November 2018.
The lawsuit alleged LuLaRoe owed Windfall Industries over $48 million in unpaid invoices, cancelled product orders, and storage and licensing charges.
When approached concerning the mounting charges, LuLaRoe co-owner Mark Stidham (proper with spouse LeAnne), allegedly advised Windfall Industries;
Look guys, I’m not going to pay you guys a fucking dime except a choose orders me to pay it, and DeAnne and I’ll take our two to 3 hundred million {dollars} to the Bahamas, and fuck all the things.
As reported by Jurimatic, on November eleventh, 2024
the jury present in favor of Plaintiffs, confirming that the defendants breached written sourcing agreements involving tens of hundreds of thousands of {dollars} in merchandise.
The defendants had been additionally discovered to have orchestrated a large-scale fraud associated to their multi-billion-dollar enterprise mannequin and tried to hide the ensuing income.
Consequently, the jury awarded Cresden $164 million in complete damages.
It’s as of but unclear what impact the jury verdict and awarded damages might need on LuLaRoe’s enterprise operations.
As of October 2024, SimilarWeb tracked ~48,000 month-to-month visits to LuLaRoe’s web site. 76% of LuLaRoe’s web site visitors originated from the US, adopted by 8% from Canada and seven% from the UK.