03 November 2007

Mannatech drops firm instead of chairman

Star-Telegram.com: :
"Mannatech Inc. has replaced its accounting firm, Grant Thornton L.L.P., rather than accede to a demand from the firm that Sam Caster be removed as the company's chairman, according to a public filing Thursday. The decision adds to the questions surrounding the Coppell-based multilevel marketer, which has been accused of selling dietary supplements as cures for cancer and other diseases in a lawsuit filed by Texas Attorney General Greg Abbott in July. Mannatech dismissed Grant Thornton after being told by the Chicago-based firm that it would not continue working for the company as long as Caster had any responsibilities, according to the filing with the Securities and Exchange Commission."

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