JRjr33 Inc (JRJRQ)

[pete s]

So interesting news, it seems the Trustees of Longaberger have filed an Adversary Complaint against the Rochon's and all the previous directors of JrJr33 for "Thorough self dealing, gross incompetence and gross mismanagement, John P Rochon, with the help of his children, pillaged and decimated more than a dozen companies under his control. Exorbitant insider management fees and expenses destroyed any significant asset value of the Debtors and their affiliates........"

It includes Michael Bishop who allegedly filed a lawsuit against JrJr33 himself for $1 million. The interesting thing is Bishop is currently incarcerated in a Texas jail.

I suspect the Rochon's will still get away with it and this will fail but hopefully not.