On December 22, 2010, Agel filed a lawsuit against its CEO, Glen Jensen. See below. Basically, the lawsuit alleges that Jensen violated the employment agreement by allegedly leveraging his position with Agel to build a competing company. Legally, company executives are obligated to act in good faith for the benefit of their company. When they abuse their positions for personal gain and place their personal interests ahead of the company’s, they breach their legal obligations to the company, commonly referred to as “fiduciary duties.” The lawsuit levies some serious allegations. According to Agel, they’re arguing that Glen was looking to split the company and take some key leaders to another opportunity. Soon after filing the lawsuit, one of their leaders, Eric Worre, supposedly left for Send Out Cards. Regarding Glen Jensen, he has yet to file his response. Out of fairness, I’ll publish his response when its made. AGEL versus Jensen Complaint
posted via email by poseterous
How do we know that this lawsuit document is real and not fake?
I am only asking because Agel Customer Service assured me Mr. Jensen was not fired, but did not comment on the my question regarding the lawsuit. Other agel people claim this lawsuit to be a fake created by competitors.
I cannot search the Utah Court cases datababe as I am not a USA citizen and cannot apply to register on their website.
If it’s fake, Agel has certainly done nothing to dispel the rumor. Based on the stamp on the cover page, it looks authentic. If it was done by a competitor, one would assume Agel would make a statement.
Do you know anything of the new chapter in this saga, where Mr. Jensen is now suing agel?
http://www.marketwaveinc.com/docs/Jensen_Complaint.pdf