News of a
potential settlement between Vemma and the FTC
broke back in September.

BK Boreyko has two options at this point. Continue to fund the legal battle against the FTC and eventually lose in court anyway, or settle now, lose but save some money.

Both scenarios will see Boreyko cop monetary fines so he’s screwed either way in that regard. And Vemma as it was known is toast.

Details of Vemma’s proposed settlement have yet to emerge, with the FTC’s latest filing requesting more time to go over the proposal.

As per the FTC’s November 3rd filing;

The review process has taken longer than FTC Staff anticipated.

Staff has been informed that an additional 45 days will likely be sufficient to allow the Commission time to consider and vote upon the proposed final orders.

Proceedings against Vemma are currently stayed, pending a decision on the proposed settlement agreement by the FTC.

The FTC’s latest filing requests an extension on that stay until December 22nd, 2016. The extension was approved earlier today.

On or before December 22nd we’ll have news on whether the FTC has accepted or rejected Vemma’s proposed settlement.

Stay tuned…

Update December 16th 2016 – 
On December 15th the FTC announced a
$238 million dollar settlement agreement
with Vemma.

🤖 Quick Answer

What is the current status of the Vemma and FTC settlement negotiations?
The FTC requested additional time in November to review Vemma's settlement proposal, originally initiated in September. The regulatory body indicated needing approximately 45 days to examine and vote on the proposed final orders, as the review process extended beyond initial expectations.

What are BK Boreyko's available options regarding the legal dispute?
Boreyko faces two primary alternatives: continue funding costly litigation against the FTC with likely unfavorable court outcomes, or settle immediately. Both scenarios result in monetary penalties, though settlement reduces overall legal expenditures and concludes proceedings more expeditiously.

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