The FTC has issued at least 379 MLM companies with deceptive and/or unfair conduct notices. This was announced by the FTC on October 26th. If it slipped under your radar, you’re not alone. I learned of the FTC’s announcement via a tip sent in by a reader. At first I thought there was some funny [Continue reading…]
Youngevity @ BehindMLM
Back in July Spice Jazz and Youngevity announced they’d reached a settlement in their ongoing legal battle. In August the JRJR33 Bankruptcy Trustee filed a motion requesting approval of a settlement between Spice Jazz and Youngevity. On September 13th the motion was granted.
The last defendants in the Youngevity v. Wakaya Perfection legal saga are Dave and Barb Pitcock, and Andre Vaughn. Youngevity was scheduled to face off against the Pitcocks and Vaughn on November 1st. That trial date has now been pushed to December 2021. And Andre Vaughn is bankrupt, again.
A joint notice filed on July 20th reveals JRJR33 and Youngevity have reached a settlement. As per the joint notice;
Back in 2017 Youngevity launched Saveur, a “unique line of spices inspired by cuisines from around the world”. In March 2019 JRJR33, through Spice Jazz LLC, filed a fraud lawsuit against Youngevity. In their lawsuit Spice Jazz accuses Youngevity of “destroying then stealing” their business.
Youngevity filed suit against Bulavita for trademark infringement late last year. We’ve been tracking the case and so far there haven’t been any significant updates. On January 25th Youngevity was directed to inform the court of the case status, failing which it would be dismissed. On January 26th Youngevity filed its response.
Last November we covered the settlement reached between Youngevity and Wakaya Perfection. At the time details of the settlement were not available. A transcript of proceedings held on November 10th was made public on January 15th. Inside the transcript details of the agreement reached between the parties are revealed.
Following on from a settlement reached last November, motions for summary judgment pertaining to outstanding claims have now been ruled on. In summary, Youngevity’s Motion for Summary Judgment was granted. Wakaya Perfection’s Motion for Summary Judgment was denied.
Youngevity, a publicly traded MLM company under the stock code YGYI, has been delisted by The Nasdaq Stock Market. The decision follows a hearing by NASDAQ, finding that Youngevity failed to comply with filing requirements.
Youngevity’s long-running dispute against Wakaya Perfection and several individual defendants, has come to an end. On November 10th a settlement conference was held, revealing agreements had been reached by all parties involved.