Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Blyth, Inc. (“Blyth” or the “Company”) (BTH) for potential breaches of fiduciary duties in connection with the sale of the Company to The Carlyle Group LP for approximately $98 million in a cash transaction.
The Company’s stockholders will only receive $6.00 for each share of Company common stock they own. However, the offer represents an inadequate premium since it is lower than both the 52-week high of $10.27 per share and considerably lower than at least one Wall Street analyst price target of $40.00 per share
The investigation focuses on whether Blyth’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether
Tag Archive for MLM Lawsuits
Hot Business News Today
FTC – Receiver Email To The Vemma Database – An Abuse Of Government Power?
by Ted Nuyten • • 0 Comments
Whatever happened in the USA with “innocent till proven guilty?”
When the Vemma receiver (the court appointed lawyer) sends out a copy of the FTC lawsuit to hundred thousands of active customers and affiliates around the world, 12 years of the company networking efforts gets blown up with ONE push of the send button. All this before Vemma gets to stand in front of a judge.
Below email was send out in the name of Vemma Corporate, which confused many people, thinking BK Boreyko and the corporate team has done so.
Unbelievable an USA government agency can come into your office, and send a massive email out on your behalf, around the world, without telling customers, not Vemma is doing so, but the FTC – receiver. I call this abuse of government power. I am
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Vemma Customer Victims – Where Are They?
by Ted Nuyten • • 0 Comments
According to the Federal Trade Commission (FTC) in the USA:
“Defendants (Vemma) are running a global pyramid scheme that has likely victimized hundreds of thousands or millions of consumers”.
We at Business for Home are pretty familar with Vemma since year 2006. We have searched intensive for “hundrerd thousands of Vemma Consumer Victims” however can NOT find them at all.
Not under our 4 -5 million annual visitors, not under our 45,000 Facebook Business page fans….
Massive customer complaints about the products? Sure there would be some, however “Victimized hundreds of thousands or millions of customers?”
That is a FTC statement which that agency can NOT prove, and is mispresenting the case “Pur Sang”.
What we have noticed are many satisfied customers who are running low on the product and are looking for a way
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The Direct Selling Association – No Backbone When You Are Under Sieg
by Ted Nuyten • • 0 Comments
According to the Direct Selling Organisation (DSA) website: “DSA’s services to members are designed to meet the needs of one person critical to the industry’s growth and future success — you — the direct selling executive.
In addition, DSA’s portfolio of services includes offerings to meet the needs of your company, your staff specialists and your people in the field.”
Earlier Avon cancelled their DSA membership and more companies are reviewing their membership.
If there is one case in which the DSA could have been of added value then it is in the Vemma – FTC Case. Earlier DSA President Joe Mariano said:
“Receiving a DSA ETHOS Award is a testament to the commitment a company (Vemma) has made to being a model for the highest standards in business practices and ethics,”
However last week the
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Vemma – FTC Hearing Set For September 15
by Ted Nuyten • • 0 Comments
According to a statement BK Boreyko – CEO Vemma made today on his facebook the Vemma – FTC Case will start on September 15. The Vemma website is back on-line, the affiliate back office is not open.
BK Boreyko says:
“I wanted to give you a short update. The legal team is in place and you’ll be proud of this team as they begin to defend your right to market the finest wellness products on the planet.
A lot has happened in the past week, all without this team and myself being able to stand in front of a judge. Only yesterday were we able to access the home office computers in order for us to produce the data to prepare our defense and prove our innocence.
Because of that, and along with the importance
Hot Business News Today
Alex Morton’s Family Statement In The Vemma – FTC Case
by Ted Nuyten • • 0 Comments
In a Facebook statement under the article Where The FTC Went Right — And Where It Went Wrong
Alex Morton’s father Marc Morton weights in on behalf of the family -with below statement- which we publish as Facebook comments some times tend to disappear.
Marc Morton:
“First I need to state that I am the father of Alex Morton so yes I have a biased view of this situation.
Alex and myself visited the home office of Vemma with our sponsor in February of 2011. Alex was a 21 year old Full-Time Junior at Arizona State in the Hugh Downs School of Communication, and a part time Arizona Real Estate Agent leasing homes and condos.
Alex asked me to come check out Vemma after spending several night in the “VerveLounge” at the Phoenix Suns games. His first
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Vemma Has Requested 1 week Additional Time For the Hearing And 10 Legal Bullet Points
by Ted Nuyten • • 0 Comments
1. Vemma’s legal team has been assembled. In order to present a strong case the legal team has requested additional time to prepare. I understand the additional time requested is one week.
2. Jeffrey A. Babener, of Portland, Oregon, is the principal attorney in the law firm of Babener & Associates. For more than 30 years, he has advised leading U.S. and foreign companies in the direct selling industry, including many members of the Direct Selling Association.
He has send us his analysis of the case:
Vemma vs. FTC: 10 Quick Bullet Points Jeffrey Babener (2015)
On August 17, 2015, the FTC filed a complaint in U.S. District Court in Arizona, seeking a permanent injunction against Tempe-based Vemma International Holdings, Inc., a long-time direct selling marketer of health-related products. The FTC was successful in obtaining
Hot Business News Today
Poll: Is Vemma an illegal Pyramid Scheme?
by Ted Nuyten • • 0 Comments
According to the Federal Trade Commission (FTC) in the USA, Vemma is an illegal Pyramid Scheme and the company fight in court to this – to be proven – allegation.
Temporary Vemma was forced to close down operations, the assets are frozen, basically a $200 million company is taken out in an hour by the FTC.
A first hearing in court is set for the second week of September.
Founded in 2004 by CEO – BK Boreyko and his two sisters, Karen and Lauren, Vemma Nutrition Company has become known as one of the premier industry leaders specializing in premium liquid nutrition.
Vemma has done over $1 billion in revenue since 2004, has clinical proven products, is a long standing member of the Direct Selling Organisation, and is open in 50+ countries all over the
Hot Business News Today
Arbonne Sues eBay Seller For Stolen Product
by Ramya Chandrasekaran • • 0 Comments
Arbonne International sued a woman this week, who allegedly obtained stolen quantities of a lip treatment product set for debut in September and sold the items last month on eBay.The company’s Los Angeles Superior Court lawsuit names Ena Marquez and alleges trademark infringement, false advertising and theft.
The company is seeking unspecified damages and a court order barring further advertisements and sales of the products by Marquez or anyone else allegedly involved in such unsanctioned transactions.
Marquez could not be immediately reached for comment.
The Arbonne Intelligence Lip Treatment is a concentrated product that “hydrates, volumizes and softens the look of lips,” according to the lawsuit. It is made to “precise specifications” at a facility in Teterboro, N.J., according to the complaint.
As of July no one was authorized to distribute ILT and there was no lawful way
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BK Boreyko – Vemma CEO Statement on FTC Pyramid Charges Case
by Ted Nuyten • • 0 Comments
BK Boreyko, Vemma CEO stated today on his Facebook:
“Hello Vemma faithful:
Just wanted to clear up a couple of phone calls I’ve received about moving to other companies. Although I know there’s panic out there, I want you to hear it from me…hang tight.
We have a hearing scheduled for September 3rd.
I think we’ll win. Until then, I know you want to do the best for your teams and that’s a sign of great leadership.
I will and have always complied with the court’s order in this matter. I’m the kind of guy that would never violate the terms of that order. If you hear anything different, tell them you talked to me and I said buckle up because there’s great things ahead for Vemma!
About Vemma
Founded in 2004 by BK Boreyko and