In September the FTC sued the IAB and a slew of related companies. It's still in litigation with the people who ran those businesses: James Wood, his sons James and Michael, and his brother Gary.
The Independent Association of Businesses said the United States District Court for the Southern District of Florida entered a preliminary injunction against it in October. It cannot sell or promote any products and services related to medical discount plans or health-related insurance benefits.
According to its website, the IAB is in receivership, which means the court has appointed an independent person to take custody of the business while litigation continues.
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