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Judge denies LuLaRoe supplier's request to immediately seize $34 million of the company's assets

Judge denies LuLaRoe supplier's request to immediately seize $34 million of the company's assets
CBS This Morning/Youtube



A judge has denied a LuLaRoe supplier's request to immediately seize nearly $34 million in assets from the multi-level marketing company.




The supplier, Providence Industries, has sued LuLaRoe for nearly $49 million, alleging that the company has failed to pay its bills for seven months.




The next hearing in the case is scheduled for January 28.




A judge on Friday denied a LuLaRoe supplier's request to immediately seize nearly $34 million in assets from the multi-level marketing company.
The supplier, Providence Industries, filed suit against LuLaRoe on November 29 for nearly $49 million, alleging that the company has failed to pay its bills for seven months.
Several days later, Providence filed a request for the immediate seizure of assets, alleging that LuLaRoe CEO Mark Stidham is a flight risk because of his access to a private jet and his alleged threats to "jump ship" with the company's riches.
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