Sunday, April 26, 2009

Natural Health Trends Obtains TRO Against Former Exec

Source: press release

"Natural Health Trends Corp.announced today that it had obtained a temporary injunction in its lawsuit against Terry LaCore, the Company's former director and executive officer, and Mr. LaCore's new company, bHIP Global, Inc. As previously disclosed, the Company sued Mr. LaCore and bHIP Global, Inc. in 2008, charging them with numerous unlawful acts.

The Court has found that there is credible evidence that the Company has established a probable right to relief on causes of action against Mr. LaCore and bHIP Global, Inc., including, among others, claims for misappropriation of confidential and proprietary information and unfair competition. Among other things, the Court found that the evidence supports the Company's claims that: (i) Mr. LaCore and bHIP Global, Inc. likely have possession of the Company's confidential and proprietary information and are in a position to use such information in competition with the Company; (ii) Mr. LaCore and bHIP Global, Inc. likely have solicited the Company's employees and distributors in breach of their agreements with the Company; and (iii) Mr. LaCore entered into multiple contracts with the Company providing for the return of confidential and proprietary information.

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press release : Source Link

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