After careful consideration, LegalShield has decided to discontinue its membership in the Direct Selling Association (DSA) and Jeff Bell, CEO, LegalShield, is resigning his board of director position.
LegalShield’s commitment to direct selling is stronger than ever; it is exiting the DSA due to concerns about the lack of enforcement of the DSA’s Code of Ethics for its members. As an example, the FTC filed lawsuits against Vemma Nutrition Company, a DSA member, and other companies, such as Fortune Hi-Tech Marketing.
The DSA failed to enforce its own Code of Ethics against either company. Furthermore, the DSA admitted to membership Nerium International, which has active litigation with LegalShield involving claims of cross-recruiting and infringement of intellectual property and trade secrets.
LegalShield feels the DSA does not stand up for or strictly enforce
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Nature’s Sunshine Products To Close Vietnam Market
by Nicole Dunkley • • 0 Comments
Nature’s Sunshine Products, Inc., recently announced a plan to streamline its operations and refocus its activities on profitable growth opportunities in response to conditions in certain of its markets.
The planned streamlining is expected to reduce costs, improve efficiencies and renew focus on larger and more profitable Company markets.
As part of the streamlining, the Company expects to close its Vietnam market, eliminate approximately 100 to 130 positions worldwide through both severance and attrition, and incur one-time expenses during the current year of approximately $3.9 million, which includes approximately $3.1 million of employee severance costs, $0.7 million related to the closure of Vietnam and $0.1 million in other related costs.
The vast majority of these costs will be incurred in the second quarter and all but approximately $0.1 million will be cash