Myron W. Wentz - Shareholder Lawsuit

Shareholder Lawsuit

On April 4, 2007, Wentz was named as a defendant in a class-action lawsuit brought against USANA by company shareholders. The suit alleged that USANA presented materially false and misleading information about the company’s financial situation and business practices. Included in the allegations were that USANA's business model was unsustainable and amounted to a pyramid scheme. The suit cited several allegations from a report released by Barry Minkow and the Fraud Discovery Institute.

This lawsuit was dismissed with prejudice on January 3, 2008 by the Utah state court after USANA filed a motion to dismiss and the plaintiff agreed.

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