Lush UK Sues Lush North America/Canada Over Financial Mismanagement

Lush UK is allegedly suing Lush US/Canada. Weird right? Lush claimed in a lawsuit filed on July 7th that Mark Wolverton, CEO of Lush and his companies are breaching terms in a 2003 joint-venture agreement, which brought Lush to the U.S according to Biv.com.
According to reports, allegedly the lawsuit states that Mark Wolverton and his companies are guilty financial mismanagement due to accusations of funneling money from Lush�s U.S. operations into Canadian operations, which are controlled by Mr Wolverton.
The lawsuit alleged that, “Wolverton has outright refused to issue shareholder dividends despite that Lush would have been otherwise entitled to at least US$18 million and He has reduced excess cash by creating an unnecessary and bloated budget for capital expenditures; redefining payment terms to require the Lush U.S. corporations to make payments to other entities upfront; and funnelling funds to his own pockets, and to those of his personal company, under the guise of management fees.”�




