The news just keeps getting worse for YTB after being sued by former employees, having a class action suit filed against them and being sued by the California Attorney General, along with the most recent firings of over 20 of its employees, now comes word that a board member has resigned.
John Simmons, a prominent attorney, has just announced that he has resigned from the board of YTB. Both Simmons and the online travel company were careful when making statements about his departure.
YTB released a statement saying, “Mr. Simmons’ resignation was prompted by his belief that as a general matter he could not effectively influence the practices of the company’s management. Mr. Simmons has not furnished the company with any written correspondence concerning the circumstances surrounding his resignation.”
Simmons, an attorney specializing in personal injury law, did return calls to reporters, but declined to offer any other statement, instead saying that he had reviewed the statement given by the company and that comment will have to suffice.
Simmons served on the company’s Investment Committee and was considered and Independent Director by YTB.
YTB made sure to file all necessary papers, and did file the appropriate 8K with the SEC to formally announce the resignation.
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