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Top Earner Justin Prince Files Lawsuit Against Modere After Termination - Multilevel Success - Multilevel Success

Top Earner Justin Prince Files Lawsuit Against Modere After Termination

Former Modere top earner Justin Prince initiated legal action against Modere in response to his termination.

In his complaint filed this week in the Fourth District Court of Utah, Prince names multiple entities as defendants, including Modere, Maple Mountain Enterprises, Maple Mountain Group (formerly Neways), James Zenni Jr., George Russell, Z Capital Partners, Z Capital Commercial Finance LLC, and Z Capital Group LLC.

Prince, who initially joined Modere during its Neways era in 2012, asserts that he held equity in the company and was responsible for generating $2.5 billion in sales. A year ago, he publicly praised Modere as a “world-class company” where “people win.”

In his formal complaint, Prince alleges that Modere is now burdened with debt and is facing financial challenges:

  • Modere came under the control of a private equity investor, Z Capital, in 2013.
  • While revenues grew, Z Capital restructured Modere’s debt for its own benefit, without reinvesting in the company.
  • Modere was left with excessive debt and allegedly mismanaged by its Board of Directors.
  • Subsequently, Modere’s business performance declined, leading to reduced commissions for distributors, including Prince.

Prince further claims that he was terminated as part of Modere’s efforts to remain financially viable. The company terminated its relationship with him, withheld commissions he had earned, and took control of his extensive network of nearly 60,000 downline marketers.

This claim seems to be based on George Russell, Modere’s Executive Chair, informing Prince that “Modere was heading for bankruptcy.” In August 2023, Russell reportedly instructed Prince to convey news of planned commission reductions, layoffs, cost-cutting measures, and the removal of Modere’s CEO, Asma Ishaq, from her position.

Prince alleges that his termination occurred just one day before Modere was to pay him nearly $300,000 in monthly and quarterly commissions.

Following his termination, Prince contends that Modere launched a campaign to defame him and tarnish his reputation. This includes accusing him of sharing confidential business information and attempting to destabilize Modere’s workforce while recruiting employees to join a new company with him.

Modere supposedly held a webinar attended by nearly 200 distributors, during which they accused Prince of serious breaches and collusion with third parties against Modere.

Prince strongly denies Modere’s allegations in his complaint, which lists several causes of action, including failure to pay commissions, breach of contract, breach of implied covenant of good faith and fair dealing, interference with existing economic relations, unjust enrichment, and defamation.

It’s important to note that the lawsuit was filed at the state level, and there have been no public responses from Modere, other than the webinars addressing Prince’s termination.