OpTree

Natural Health Trends (NHT) has just filed a lawsuit against one of their own. In a bizarre development, the company is suing Terry LaCore, the company’s founder and former director and executive officer.

The lawsuit claims that LaCore and his new company, bHIP Global, Inc., which is an energy drink company, has engaged in various unlawful activities including employee raiding, theft of confidential information and stealing trade secrets. The suit was filed in a state court in Dallas,Texas.

The lawsuit claims that LaCore illegally attempt to lure employees, distributors and vendors to his newest venture and persuaded them to break contracts. Natural Health Trends also claims that LaCore named his latest project using Natural Health Trend’s stock ticker symbol to confuse potential customers and investors.

NHT Global has been granted a temporary order to halt the use of confidential information as well as halting contact with any of their current employees.

Chris Sharng, President of Natural Health Trends Corp., said, “Our lawsuit describes dishonest and unethical conduct that is increasingly blatant. It seeks to stop that conduct and end an illegal assault on our relationships with our distributors, employees and vendors. We intend to use all legal means in any and all jurisdictions to prevent further attempts to undermine our business.”

These types of lawsuits are unfortunately pretty common in the MLM world and we’ve seen some battles go back and forth for quite some time (Quixtar vs. MonaVie). While i dont want to take sides, it does seem a bit odd, that Mr. LaCore, who was the founder of NHT and obviously is no longer involved with them, would choose to name a new venture, bHIP- I mean, i’m not a rocket scientist, but NHT Globals NASDAQ ticker is BHIP- that seems to me to be a bit more than a coincidence. Even their websites names are almost identical. We will keep you posted…..

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