Direct Sales and MLM

Agel Files Suit Against Its CEO

By
Kevin Thompson

On December 22, 2010, Agel filed a lawsuit against its CEO, Glen Jensen. See below. Basically, the lawsuit alleges that Jensen violated the employment agreement by allegedly leveraging his position with Agel to build a competing company. Legally, company executives are obligated to act in good faith for the benefit of their company. When they abuse their positions for personal gain and place their personal interests ahead of the company's, they breach their legal obligations to the company, commonly referred to as "fiduciary duties." The lawsuit levies some serious allegations. According to Agel, they're arguing that Glen was looking to split the company and take some key leaders to another opportunity. Soon after filing the lawsuit, one of their leaders, Eric Worre, supposedly left for Send Out Cards. Regarding Glen Jensen, he has yet to file his response. Out of fairness, I'll publish his response when its made. AGEL versus Jensen Complaint

posted via email by poseterous

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