TV Pitchman's Partners Can't Halt GIN Sale, 7th Circ. Says

Law360, New York (February 27, 2014, 1:26 PM EST) -- The Seventh Circuit refused Tuesday to halt the sale of Global Information Network, a business jointly owned by infomercial salesman Kevin Trudeau, ruling that GIN's co-owners failed to show why the asset shouldn't help cover a $37.6 million Federal Trade Commission fine levied against Trudeau.

The order upheld an Illinois federal court's decision that found GIN was formed by Trudeau in 2009 using a business model with no singular owner solely to protect his assets from proceedings over allegations that he repeatedly made spurious claims about...
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