Is ShopNBC Expecting A Lawsuit?

Is ShopNBC anticipating a lawsuit?

On Monday the financially ailing No. 3 home shopping network filed an 8-K with the Securities and Exchange Commission saying that it was entering into indemnification agreements with each of the company’s directors and officers.

“Under each Indemnification Agreement, the Company has agreed to indemnify each director and officer who is involved in any threatened, pending, or completed action, suit, or proceeding, whether civil, criminal, administrative, arbitration or investigative, in connection with his or her service to the Company, against all losses, claims, damages, expenses (including attorneys’ fees), and liabilities reasonably incurred by such person in connection with the proceeding,” the filing said.

“The Company believes that the Indemnification Agreements are necessary to provide directors and officers increased certainty of such protection in the future and to attract and retain qualified persons to serve in such positions,” ShopNBC said.

Mmmm, who might be suing?

BTW, we’re still waiting for word about what ShopNBC’s new name and branding will be?

Tags: , , ,

7 Responses to “Is ShopNBC Expecting A Lawsuit?”

  1. betterskills Says:

    Might this be Plasticase? Maybe the Swiss Federation?

  2. ShopNBC Getting Sued? « Poor Tools Require Better Skills Says:

    […] 28, 2010 From the the homeshoppingista blog yesterday: Is ShopNBC anticipating a […]

  3. Darksider Says:

    I agree with Betterskills. With all of the deceptions by both Invicta Watch Group and Shopnbc which have been exposed, legal action is almost a given. Add to the Plasticase and Swiss Federation, buyers who purchased watched they thought had diamonds (quartz) mold in cases, chinese movements in watches labeled Swiss and more.

    Currently the FTC is in the first stages of an investigation into shop and invicta and US customs may be involved also. I see a dim future for the slop.

  4. Lee Says:

    This is nothing more then business as usual in most major companies.

    Anyone with any business knowledge at all would know that.

    I like how people post “FTC Investigations” but have no facts to back up their nonsense. Have to love the haters!

  5. Bill Says:

    Business as usual when new management comes onboard. This management team has been in place for quite awhile, so why the need to shield them now? The Comcast take over is not an M&A so this isn’t business as usual.

  6. Fuzzy Wabbit Says:

    Expecting? I believe they already have several pending against them.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: