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MED - Medifast sues to shut up critics

05/20/2010 12:37 PM by Hesperian

These types of companies rarely last long. If you're not Jenny Craig or Weight Watchers, sorry, your brand's probably not strong enough to be much more than a fad. Add a MLM pyramid scheme to the mix, and you're begging for a flameout.

Medifast is suing The Fraud Discovery Institute, founded by convicts of the Crazy Eddie scandal, and others (including an anonymous message board poster) for defamation: http://seekingalpha.co...

Medifast seems desperate to shut up critics, and insiders have been dumping shares. It's probably worth a good look as a short on any bounce.

I'm liking Sam Antar the more I read his articles. More convicted Wall Street ex-cons should work to clean up the system they took advantage of. Unfortunately, it's all too easy to sue these days.



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  • 05/20/2010 04:03 PM by Dave Pinsen

    I know you've mentioned that institute before. I've got to start looking at them.

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  • 08/18/2010 02:47 AM by SamEAntar_sa

    "I'm liking Sam Antar the more I read his articles."

    I must be getting soft :-)

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