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.
Youngevity @ BehindMLM
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.
Youngevity’s long-term financial auditor has quit following concerns over provided financial data. Citing “information that has come to its attention”, the firm Mayer Hoffman McCann has resigned as Youngevity’s accounting. Mayer Hoffman McCann had been signing off on Youngevity’s filed financial reports since 2011.
The drawn out legal battle between Youngevity and Wakaya Perfection has finally received a tentative trial date. March 22nd, 2021 is the date set, following a pretrial conference held on October 5th.
Youngevity has filed suit against Bulavita for trademark infringement, cybersquatting and unfair competition.
The FTC has issued a second COVID-19 warning to major players in the MLM industry. This time around the regulator is citing examples of marketing fraud from Youngevity, Melaleuca, Isagenix, Juice Plus+, Plexus Worldwide and Vivri.
Youngevity’s dispute with Wakaya Perfection dates back to 2016. As I write this there are currently 679 filings in the long-running case, most of which are administrative. As such I’ve been keeping updates on the case to a minimum, preferring to wait for substantial developments. As per an order made on December 26th, the case [Continue reading…]