Alticor Media Blog

Alticor Media Blog is the official news weblog from the Alticor family of companies.

July 21st, 2006 @ 2:56 pm ET…

Five strikes…they’re out!

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Last week the Michigan Court of Appeals heard oral arguments on the case involving former shareholders of Amway Asia Pacific LTD.

Just a week later, the Court of Appeals panel affirmed the trial court’s decision…where the case was dismissed based on the pleadings before it even got started. The appellate panel held “that in a thorough and well considered opinion, the trial court dismissed this case…” Bottom line, this is the fifth dismissal in a row for this suit…it has been tossed out of Federal Court, two state courts and two appellate courts. Enough is enough!

So, in spite of the plaintiffs’ lawyers’ colorful language and eye-popping (and unsubstantiated) numbers…there’s nothing for the claims to stand on. Now, let’s all get back to business, shall we?

Sigh.

UPDATE: Continued coverage can be found in this Grand Rapids Press article from Sat., July 22. The Michigan Court of Appeals judgment from Thurs., July 20 is available in PDF format.

Filed by: Corporate Communications

Posted in: Alticor, Amway, Michigan Governor's Race

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