Nov. 29, 2010
-- LACEY, Wash. – Univera, Inc., announced today that it has reached a settlement in two lawsuits filed in Federal Court in the Western District of Washington and the Middle District of Florida, and one lawsuit filed in Utah state court (collectively, the “Litigation”)
. The Litigation involved Univera, Inc., Qivana, Inc., Univera’s former CEO Derek Hall, and three former Univera Distributors:
John Terhune, Marshall Douglas, and Joe Land.
“From the beginning, Univera’s actions in the Litigation were designed primarily to protect the businesses of countless independent distributors (Associates)
who were adversely affected by the actions that led to the Litigation,”
said Thomas J. Hoolihan, Executive Vice President and General Counsel for Univera and its parent Company, ECONET, Inc. “We are pleased to have the Litigation behind us since it allows Univera to focus solely on growing its business, providing scientifically validated products, and moving forward with its collective vision of bringing the best of nature to mankind.”
The terms of the settlement were not disclosed.
Univera, Inc. (http:www.univera.com)
is the world’s leading cell renewal-focused relationship marketing company offering life-changing nutrition products and unparalleled home-business opportunity for nearly 100,000 people currently in North America. Science-
based with full-scale genomic and biological research capabilities, the company sets the standard for excellence in advanced research, technology and manufacturing capabilities. Univera is part of the ECONET global family of health and natural product companies which have operations in the United States, Canada, Korea, Mexico, Russia and China. The company celebrated its 10-year anniversary in 2009 with plans to expand operations into Australia and New Zealand.
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Univera® delivers science-based natural health products that make a difference in peoples lives and offer a business model for relationship marketing unique in the industry.