GNC Hit With $20M Suit Over Supplement Co.’s Collapse
Law360, New York (October 2, 2017, 4:30 PM EDT) — A $20 million acquisition of a dietary supplement maker fell apart because GNC Holdings Inc. underpaid it for products and broke an exclusivity deal, the company alleged in Arizona federal court on Friday.
Right Way Nutrition LLC alleged that GNC underpaid it about $1 million for a weight loss supplement and did not honor a one-year exclusivity agreement for a brain health product. Those actions by new GNC leadership helped tank the proposed $20 million sale of the supplement maker and destroyed its finances.
In 2013,…
Article source: https://www.law360.com/articles/969971/gnc-hit-with-20m-suit-over-supplement-co-s-collapse
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