Weight Watchers Settles Lawsuit With Jenny Craig
NEW YORK, Feb. 5 Weight Watchers International, Inc. (NYSE: WTW), the global leader in weight-management services, today announced it has settled its legal dispute with Jenny Craig, Inc. ("Jenny Craig"). Under the terms of the settlement, Jenny Craig has permanently agreed to terminate its advertising campaign, which made false and misleading claims about the success of their program versus the Weight Watchers program.
On January 19, 2010, Weight Watchers filed a lawsuit in the U.S. District Court for the Southern District of New York charging that Jenny Craig's advertising campaign featured false and misleading claims. The Court granted Weight Watchers' request for a temporary restraining order prohibiting Jenny Craig from broadcasting, publishing or disseminating its deceptive advertisements.
"We are pleased that Jenny Craig will no longer be allowed to continue using this false and misleading advertising, now and in the future, and to put this situation behind us," said David Kirchhoff, Weight Watchers President and Chief Executive Officer.
Mr. Kirchhoff continued, "The settlement serves the public's interest by working to ensure the accuracy of weight-loss advertising, which is especially important today given that obesity has become such a major health threat in the United States. With nearly 70% of adult Americans currently classified as obese or overweight, we strongly believe that our unique lifestyle approach, which focuses on helping our members achieve healthy and sustainable weight loss through our focus on education, behavior change, exercise and support, can be helpful in addressing this national crisis."
About Weight Watchers International, Inc.
Weight Watchers International, Inc. is the world's leading provider of weight management services, operating globally through a network of Company-owned and franchise operations. Weight Watchers holds over 50,000 weekly meetings where members receive group support and learn about healthy eating patterns, behavior modification and physical activity. WeightWatchers.com provides innovative, subscription weight management products over the Internet and is the leading Internet-based weight management provider in the world. In addition, Weight Watchers offers a wide range of products, publications and programs for those interested in weight loss and weight control.
This news release and any attachments include "forward-looking statements," within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act, including, in particular, earnings guidance and any statements about the Company's plans, strategies and prospects. The Company generally uses the words "may," "will," "could," "expect," "anticipate," "believe," "estimate," "plan," "intend" and similar expressions in this news release and any attachments to identify forward-looking statements. The Company bases these forward-looking statements on its current views with respect to future events and financial performance. Actual results could differ materially from those projected in the forward-looking statements. These forward-looking statements are subject to risks, uncertainties and assumptions, including, among other things: competition from other weight management industry participants or the development of more effective or more favorably perceived weight management methods; the Company's ability to continue to develop innovative new services and products and enhance its existing services and products, or the failure of its services and products to continue to appeal to the market; the effectiveness of the Company's marketing and advertising programs; the impact on the Weight Watchers brand of actions taken by the Company's franchisees and licensees; risks and uncertainties associated with the Company's international operations, including economic, political and social risks and foreign currency risks; the Company's ability to successfully make acquisitions or enter into joint ventures, including its ability to successfully integrate, operate or realize the projected benefits of such businesses; uncertainties related to a downturn in general economic conditions or consumer confidence; the seasonal nature of the Company's business; the impact of events that discourage people from gathering with others; the Company's ability to enforce its intellectual property rights both domestically and internationally, as well as the impact of its involvement in any claims related to intellectual property rights; uncertainties regarding the satisfactory operation of the Company's information technology or systems; risks associated with unauthorized penetration of the Company's information security; the impact of disputes with the Company's franchise operators; the impact of existing and future laws and regulations; the impact of the Company's debt service obligations and restrictive debt covenants; the possibility that the interests of the Company's majority owner will conflict with the other holders of the Company's common stock; and other risks and uncertainties, including those detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission. You should not put undue reliance on any forward-looking statements. You should understand that many important factors, including those discussed herein, could cause the Company's results to differ materially from those expressed or suggested in any forward-looking statement. Except as required by law, the Company does not undertake any obligation to update or revise these forward-looking statements to reflect new information or events or circumstances that occur after the date of this news release or to reflect the occurrence of unanticipated events or otherwise. Readers are advised to review the Company's filings with the Securities and Exchange Commission (which are available from the SEC's EDGAR database at www.sec.gov, at various SEC reference facilities in the United States and via the Company's website at www.weightwatchersinternational.com).
Contact Information: Media: Weight Watchers International, Inc. Powell Tate Donna Fontana Hallie Bozzi Public Relations (212) 445-8276 (212) 589-2739
SOURCE Weight Watchers International, Inc.
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