Reader comments: MonaVie sued for $2.75B
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bogus suit | 10:42 a.m. May 16, 2008
According to a press release issued today, this claim has already been settled-- not a story worth the news. When a company with a market value of less than $10 million files a claim in the preposterous amount of $2.75 billion, it is only done for shock value.
arc | 12:57 p.m. May 16, 2008
Where is the press release?
This is not a bogus lawsuit. It is news.
When someone uses your idea, and your name to make hundreds of millions of dollars a year, and are not willing to pay any royalty, or fee for using your trademark, uses the trademark and then not your product, or settle without a lawsuit or threat of one, Monavie deserves to be sued.
No, the Quixtar / Amway suit was just sour grapes. That one is bogus.
I am glad Monavie has come to there senses and agreed to settle with Imagentix. I look forward to seeing that press. Right now, all I can see is a posted private letter from Dallin to his diamonds.
This is not a bogus lawsuit. It is news.
When someone uses your idea, and your name to make hundreds of millions of dollars a year, and are not willing to pay any royalty, or fee for using your trademark, uses the trademark and then not your product, or settle without a lawsuit or threat of one, Monavie deserves to be sued.
No, the Quixtar / Amway suit was just sour grapes. That one is bogus.
I am glad Monavie has come to there senses and agreed to settle with Imagentix. I look forward to seeing that press. Right now, all I can see is a posted private letter from Dallin to his diamonds.
arc | 1:04 p.m. May 16, 2008
You obviously didn't read the lawsuit. I did. This was not frivilous, it was either Monavie being stupid or worse.
Comments continue below
arc | 1:24 p.m. May 16, 2008
If there was a press release issued today, where is it?
Randy Larsen | 11:41 a.m. May 17, 2008
Dallin Larsen is absolutely right. This was a misunderstanding between two companies. The suit has been withdrawn and Imagentix was embarrassed and apologetic for the filing by their outside legal counsel. A joint press release has been issued and will hit the papers on Monday.
Monavie continues to break every network marketing record for growth in an industry that is over 40 years old.
I am writing this comment from Brazil where we (Monavie) source many of the fruits including ACAI. Monavie's success is predicated on sound and ethical business practices and the product is truly amazing.
While every once in a while a press release like the one above comes out with incomplete information we don't get to upset when distributors from other companies use these kinds of things to try and build their business. When people take shots at you it just means you are out in front.
What does cause us stress down here in Brazil is the Utah Jazz's loss last night. But what a great effort in the fourth quarter. Gotta love the Jazz...
Monavie continues to break every network marketing record for growth in an industry that is over 40 years old.
I am writing this comment from Brazil where we (Monavie) source many of the fruits including ACAI. Monavie's success is predicated on sound and ethical business practices and the product is truly amazing.
While every once in a while a press release like the one above comes out with incomplete information we don't get to upset when distributors from other companies use these kinds of things to try and build their business. When people take shots at you it just means you are out in front.
What does cause us stress down here in Brazil is the Utah Jazz's loss last night. But what a great effort in the fourth quarter. Gotta love the Jazz...
arc | 7:32 a.m. May 19, 2008
Randy Larsen,
Read the suit. Dallin @ Monavie was at fault for trying to weasel out of paying Imagenetix for the last 3 years, posting on Monavie's website that they were using a product that they weren't. I am glad the lawsuit is being dropped, for two reasons. 1. I know people that are Monavie distributors and I didn't want the business shut down. 2. Celadrin is a great product, and the developers deserved to be paid for either use of the name, product, or the patented formula, even if it was modified.
Read the suit. Dallin @ Monavie was at fault for trying to weasel out of paying Imagenetix for the last 3 years, posting on Monavie's website that they were using a product that they weren't. I am glad the lawsuit is being dropped, for two reasons. 1. I know people that are Monavie distributors and I didn't want the business shut down. 2. Celadrin is a great product, and the developers deserved to be paid for either use of the name, product, or the patented formula, even if it was modified.
arc | 8:15 a.m. May 19, 2008
Randy: "Dallin Larsen is absolutely right. This was a misunderstanding between two companies."
You have to have something better than that. Do you expect any company to be ripped off for 3 years and not complain, and when that didn't do it, wait 1.5 months to see if you fix it, and when that didn't fix it sue? I hope Monavie paid $100 million to settle, but of course, that won't be announced.
I also hope that Monavie Active will have the recommended amount of Celadrin in it, and not some measly amount.
You have to have something better than that. Do you expect any company to be ripped off for 3 years and not complain, and when that didn't do it, wait 1.5 months to see if you fix it, and when that didn't fix it sue? I hope Monavie paid $100 million to settle, but of course, that won't be announced.
I also hope that Monavie Active will have the recommended amount of Celadrin in it, and not some measly amount.
arc | 2:53 p.m. May 19, 2008
A lot less spin on the Monavie web site. Dallin did better with the public notice.
The 8-K is filed:
On May 15, 2008, Mona Vie, LLC, a Utah based multi-level marketing supplier of wellness products and the Registrant entered into the following agreements:
• Purchase and Supply Agreement, and
• Settlement Agreement and General Release of Claims.
As a result of the above agreements, on May 16, 2008, the Registrant dismissed with prejudice a lawsuit it had filed on May 5, 2008 against Mona Vie.
The 8-K is filed:
On May 15, 2008, Mona Vie, LLC, a Utah based multi-level marketing supplier of wellness products and the Registrant entered into the following agreements:
• Purchase and Supply Agreement, and
• Settlement Agreement and General Release of Claims.
As a result of the above agreements, on May 16, 2008, the Registrant dismissed with prejudice a lawsuit it had filed on May 5, 2008 against Mona Vie.
scott | 5:47 p.m. May 20, 2008
Isagenix is a better product anyway!!!!
arc | 6:24 a.m. May 21, 2008
Having read both the Imagenetix May 5th lawsuit, which was dropped after a Purchase and Supply Agreement, and a Settlement Agreement and General Release of Claims on that was signed on May 15th, and also the Quixtar North America lawsuit, the Quixtar North American lawsuit is generally without merit, in my opinion.
The Quixtar lawsuit does bring up the amount of glucosomene and questions the accuracy of the labels on Monavie products. If the Monavie products have inside what the labels stay they do, I believe the Quixtar/Amway suit will be thrown out of federal court.
The main question re: Quixtar/Amway v Monavie has to do with whether the IBO contracts can be enforced. Since the FTC has said that would be a state matter, and not a federal matter, the rest will disappear, in my opinion.
Alticor, who owns Quixtar and Amway, have made enough mistakes this last year to ruin a really good 50 year company. I don't see Quixtar/Amway recovering. While Monavie has made some really dumb mistakes, it is growing and has the potential of fixing the mistakes. Just like adding Celedrin into Monavie Active, Dallin or Randy Larsen can fix the rest.
The Quixtar lawsuit does bring up the amount of glucosomene and questions the accuracy of the labels on Monavie products. If the Monavie products have inside what the labels stay they do, I believe the Quixtar/Amway suit will be thrown out of federal court.
The main question re: Quixtar/Amway v Monavie has to do with whether the IBO contracts can be enforced. Since the FTC has said that would be a state matter, and not a federal matter, the rest will disappear, in my opinion.
Alticor, who owns Quixtar and Amway, have made enough mistakes this last year to ruin a really good 50 year company. I don't see Quixtar/Amway recovering. While Monavie has made some really dumb mistakes, it is growing and has the potential of fixing the mistakes. Just like adding Celedrin into Monavie Active, Dallin or Randy Larsen can fix the rest.
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