Deseret News – Published July 28, 2008
A Utah multilevel marketing company has settled a dispute with a critic who agreed to stop disparaging nutritional supplement maker USANA Health Sciences Inc.
Self-proclaimed fraud buster Barry Minkow said he took a critical report off his Web site. He shut down another Web site devoted to USANA’s dealings in China, and he pulled interviews with failed USANA distributors from YouTube.
Other terms weren’t disclosed, but USANA said Monday it was happy with the settlement.
USANA said it will withdraw its lawsuit against Minkow and his San Diego-based Fraud Discovery Institute from U.S. District Court in Salt Lake City.
USANA sued Minkow for defamation and stock manipulation, but most of those claims were thrown out March 3 by U.S. District Judge Tena Campbell. Separately from the settlement, the company paid $142,510 in attorney fees to Minkow and his institute under an order from federal Magistrate Samuel Alba.
Minkow came out with his first critical report of USANA in February 2007 when he bought “put” options on the stock in a legal bet the price would fall. USANA had accused him of market manipulation, which he denied. He agreed never to trade in USANA stock again.
Read the entire article at Deseret News
Also, read our company overviews: Herbalife Facts, News and Review, Usana Facts, News and Review
Related posts:
- Monarch Facts, News and Review
- USANA Reaches $3 Billion Mark in Cumulative Net Sales
- Diet Changes Improve Metabolic Syndrome
- Man accuses Usana of operating as pyramid scheme
- Herbalife (HLF) NewsBite – HLF Hits 52-Week Low
- Judgement will Cost Usana $7,000,000
- Morningstar Stock Analyst comments
- Court dismisses class action suit against USANA Health
- Minkow Drops Campaign Against Herbalife
- Multilevel marketer settles lawsuit
- Myron Wentz quits as CEO; son to take reins
- Group Closer to taking Usana private
- Gull Holdings raises bid to $28 for Usana
- Industry Analyst Len Clements Blasts Minkow
- Len Clements on Barry Minkow and the FDIs attack on Usana, Herbalife, Pre-paid Legal
- Usana Health board urges shareholders to reject CEO’s offer
- Herbalife Sued Over Product Safety
- New Tests reveal 904 Percent More Lead in Herbalife, NuSkin Nutritional Shakes than Competitors, reports Fraud Discovery Institute
- Minkow Targeting Supplement Maker
- USANA mulls offer- Going Private
- Group says Herbalife products have too much lead
- Buyout or Sellout?
- USANA ordered to pay SLAPP violation
- Usana Shares Plunge on Guidance Cut
- Wednesday’s Worst Stocks in the World
- Computer program helps the poor get their day in court
- USANA Comments on August 8, 2007 Forbes.com Article
- Hard To Swallow
- Vitamin Marketer USANA Hit With Proposed Class-Action Lawsuit
- As stocks plunge, Usana sues Minkow over report
This free solution from Mark Joyner teaches valuable success concepts in such a delightful way. More than that, I use the free system it teaches to stay focused, productive, and on target for my most important goals... 
