Vemma FTC pretrial conference scheduled for Dec 14
In the leadup to Vemma and the FTC squaring off in court, a pretrial conference has been scheduled for December 14th.
Attorneys for both sides are required to appear in person, with there being no telephonic appearances permitted.
The case might yet not go to trial though, with Vemma and the FTC required to meet before the Pretrial Scheduling Conference, no later than 21 days before December 14th.
At this meeting Vemma and the FTC will explore
- alternative dispute resolution mechanisms
- the possibility of a prompt settlement or resolution in the case (based on claims and defenses to be raised at trial) and
- any other matters that counsel believe will help dispose of the matter in an efficient and economical matter
In the event a settlement is not reached, a joing Proposed Case Management Plan will be filed no later than December 7th.
Will we see a settlement yet, or this going to be the MLM trial of the decade?
Stay tuned…
Footnote: Our thanks to Don@ASDUpdates for providing a copy of Judge Tuchi’s October 8th Pretrial Scheduling Conference order.
looks like a settlement to me.
knowing as we know now, that vemma australia and europe are in liquidation, it is obvious boreyko is strapped for funds, and he cannot afford a long drawn out trial in the US, and possibly huge damages from court.
he will probably handover all assets to the court and be done. since the court unfreezed boreyko’s personal bank accounts, i’m hoping the money in them remains ‘safe’ and is not transferred anywhere.
we know that the FTC was investigating vemma for over an year. it is possible that the FTC knew vemma was about to collapse in a bankruptcy, and decided to make an example of it to the MLM industry, instead of allowing vemma to limp out as a merely ‘failed business’.
Won’t the money he’s making and the products he’s selling now, be part of those assests? And if so, why is he trying so hard to stay in the game?
He’s earning money and selling product only to hand it over to someone else.