Monday, September 24, 2007

TEAM: No news from California

Original Source

No news from California

As most of you know, a class action lawsuit was filed in California on August 9 and motion for a preliminary injunction was soon filed thereafter. The judge heard arguments for the preliminary injunction on September 12 and took the arguments under advisement. It is expected that he will render his decision soon, but I've seen nothing on the net regarding this decision. I imagine once he issues his ruling, word will get out pretty fast. There are a few possibilities:

If the judge grant's the plaintiffs' motion for preliminary injunction, and their motion for a provisional class certification, then all IBOs in North America will be free to leave Quixtar and immediately participate in another direct selling endeavor. If the judge kicks the case to arbitration, then the plaintiffs be forced to litigate their case quietly in arbitration. In arbitration, all pleadings and depositions are kept confidential. Or, it's possible that the judge grant Quixtar's motion to dismiss the case; however, that is unlikely.

The judge could render his decision today, or within two weeks. There's no way of knowing. There's a lot riding on this decision, so stay tuned.

Posted on Monday, 24 September 2007

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