Judgement will Cost Usana $7,000,000

by louabbott on February 13, 2009

Salt Lake City, UT – Published February 13, 2009

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Company fired high-dollar distributor, but lost in arbitration … Evan A. Schmutz, a Provo attorney who represented the Kutscheras, declined comment, citing a confidentiality agreement … profits will sink about 40 cents a share in its 2008 fourth quarter after it takes into account the arbitration ruling and an unfavorable tax audit … “We chase these violations aggressively,” said Jeff Yates, chief financial officer … [the Judge] ruled that the Kutscheras were not building a competing business and that Usana did not suffer any damage as a result of their actions.

Also, read our company overview: Usana Facts, News and Review

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