JRjr33 Inc (JRJRQ)

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Rachel Longaberger Stukey has been forced to file a lawsuit against JRJR33 to receive payment of the monies owed her from the sale of her share of The Longaberger Company.

From the Columbus Dispatch, November 21, 2016



The suit, filed on Nov. 7 in Franklin County Common Pleas Court, says that after Dallas-based JRJR Networks bought the Longaberger Co. in 2013, it sought to cut Stukey's ties from the business that her father founded and buy her shares of the company. Stukey was a shareholder and led the company's foundation.

JRJR issued a promissory note to Stukey for $4 million that was payable over 10 years, or payable in full "in the event of a default in payment."

Stukey's suit says that JRJR "repeatedly defaulted and failed to pay," despite Stukey's "repeated pleas for payment."

As a result, Stukey is demanding full payment of the $4 million.

A JRJR Networks spokesman said the company wouldn't comment on pending litigation.