JRjr33, Inc. Announces the Resignations of Michael Bishop as Board of Directors
November 07, 2017 at 06:18 am EST
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JRjr33, Inc. announced that on October 31, 2017, Michael Bishop provided to the company with notice of his resignation from the company’s Board of Directors, effective immediately. Mr. Bishop’s resignation was due to court action he intended to take for non-payment of money that he claims is owed to him or one of the companies under his control. The company filed a complaint against Mr. Bishop and Actitech LP in Dallas County, Texas on November 3, 2017 for several claims, including usury and breach of fiduciary duty.
JRjr33, Inc. (JRJR), formerly CVSL Inc., offers a platform of direct-to-consumer brands. The Company operates through the segments, which include Gourmet Food, Nutritional and Wellness, Home Decor, Publishing and Printing, and Other. The Gourmet Food Products segment consists of operations related to the production and sale of hand-crafted spices, oils and other food products from around the world. The Home Decor segment consists of operations related to the production and sale of premium hand-crafted baskets, and the selling of products for the home, including pottery, cleaning, health, beauty, home, outdoor and customizable vinyl expressions for display. The Nutritionals and Wellness segment consists of operations related to the selling of nutritional supplements and skin care products. The Publishing and Printing Segment consists of the operations of Happenings Communications Group, Inc. and Paperly, Inc. The Other Segment consists of the operations of Tomboy Tools, Inc.