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Mannatech Class Action Lawsuit Moves to Dallas

Posted on 21. Mar, 2007 by Ty Tribble in Network Marketing - MLM

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Dallas Morning New:

A class action lawsuit initially filed in New Mexico against nutritional supplement maker Mannatech Inc., has been moved to Dallas, the company said in a regulatory filing Friday.

The lawsuit accuses the Coppell-based company of violating U.S. securities law by "artificially inflating the value of our common stock by knowingly allowing independent contractors to recklessly misrepresent the efficacy of our products," the company said in the filing with the Securities and Exchange Commission. The suit is a combination of three cases originally filed in 2005.

At Mannatech's request, the case was moved to the U.S. District Court for the Northern District of Texas in Dallas.

"It makes more sense for the purposes of judicial economy for it to be" closer to the company's home base, said an attorney familiar with the case who asked not to be named.

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Tags: Mannatech Lawsuit, MLM, MLM Blog, Network Marketing