Quantcast
Channel: FTC – ASDUpdates.com
Viewing all articles
Browse latest Browse all 8

Vemma: FTC and Vemma Enter Agreement on Motions

0
0

vemma-logoPreviously, Vemma Nutrition Company and Vemma International Holdings, Inc. filed Emergency Motion To Approve Affiliate Communications and the Federal Trade Commission filed a Motion To Prohibit Reclassification Of Affiliates Without Their Affirmative Consent And To Prevent Dissemination Of Materials Describing Proposed Compensation Plan Before Approval.

Today, Vemma and the FTC entered this Stipulated Motion (agreement) Doc 146:

The Corporate Defendants and the FTC have reached an agreement regarding the matters raised in the Motions, the terms of which are set forth in the letter agreement attached hereto as Exhibit “1”. Accordingly, the Corporate Defendants and the FTC stipulate that the Motions should be withdrawn and that the Court should vacate the briefing deadline associated therewith.

For these reasons, the Corporate Defendants and the FTC respectfully request that the Court enter an Order in the proposed form attached (a) deeming the Motions withdrawn and (b) vacating the briefing deadline associated with the Motions.

Here is the attached Exhibit 1 detailing the agreements made by Vemma.

Judge Tuchi has entered the following Order:

IT IS HEREBY ORDERED granting the Stipulated Motion (Doc. 146).

IT IS FURTHER ORDERED that the Defendants Vemma Nutrition Company And Vemma International Holdings, Inc.’s Emergency Motion To Approve Affiliate Communications (Doc. 128) and the Plaintiff Federal Trade Commission’s Motion To Prohibit Reclassification Of Affiliates Without Their Affirmative Consent And To Prevent Dissemination Of Materials Describing Proposed Compensation Plan Before Approval (Doc. 134) are both deemed withdrawn.

IT IS FURTHER ORDERED that the briefing deadline associated with the Motions is vacated.

 


Viewing all articles
Browse latest Browse all 8

Latest Images

Trending Articles





Latest Images