Contact Information: Contact: Wellness International Network, Ltd.
Wellness International Network, Ltd. Vindicated in Richard Sharif Lawsuit
| Source: Wellness International Network, Ltd.
PLANO, TX--(Marketwire - May 15, 2008) - Ralph Oats and Cathy Oats, Founders of Wellness
International Network, Ltd. (WIN), announced that the United States Court
of Appeals for the Fifth Circuit affirmed the dismissal of the deceptive
trade practices and RICO lawsuit against Wellness International Network,
Ralph Oats and his wife, Cathy Oats, and Sheri Matthews. The Fifth Circuit
affirmed the district court's findings that the lawsuit, which was
initially filed in 2002 by Richard Sharif, Soad Wattar, Haifa Kaj, Ragda
Sharifeh, Abdul Rashid, Shaheen Rashid, Waqar Khan, and Shafqut Khan was
filed in bad faith and lacked any evidence whatsoever.
The Fifth Circuit concluded that Richard Sharif and the other plaintiffs
"have no purpose other than to prolong this contumacious litigation for
purposes of harassment or delay, or both." The Fifth Circuit remanded the
lawsuit back to the United States District Court for the Northern District
of Texas to rule upon WIN's motions for cost and attorney's fees.
"We are ecstatic with the Court's ruling," says Ralph Oats, co-founder of
Wellness International Network. "We've built a solid company by focusing on
solving people's problems and have always said that Wellness International
Network has never engaged in any wrongful conduct. It is gratifying to be
vindicated by the courts again and again over the past six years."
The ruling constitutes yet another legal victory for Wellness International Network. Last
year, a federal district judge dismissed deceptive trade practices and
securities fraud claims filed by Debra Budner, Gerald Budner, and Marie
Ackerman.
Wellness International Network was represented in the matter by John F.
Martin, G. Michael Gruber, Brian Hail, and Michael Lang of Gruber Hurst
Johansen & Hail LLP in Dallas, Texas.
About WIN
Wellness International Network specializes in health and nutritional
products. WIN's complete nutritional line is listed in the Physicians' Desk
Reference® (PDR®) for Nonprescription Drugs, Dietary Supplements and
Herbs, the authoritative reference for health care professionals. Serious
athletes are delighted to learn that WIN Worldwide BV participates in the
Netherlands Security System Food Supplements Top Sport [NZVT] system with
the following products: ProXtreme™, Mass Appeal™, Sure2Endure™ and
Phyto-Vite®. This system controls only on a batch basis; for additional
information click here. Learn more
about why "It Pays to Live Well®" at winltd.com.
