Vitae Waak

VITA, RICHARD W. WAAK

Richard Waak
Richard Waak

EDUCATION AND PROFESSIONAL MEMBERSHIPS

Juris Doctor, University of Detroit School of Law, Detroit, MI
Admitted Michigan Courts 1976
Bachelor of Science, Michigan State University, East Lansing, MI
The American Bar Association, Section on Antitrust Law – Franchising Forum
State Bar of Michigan – Antitrust, Franchising & Trade Regulation Section
Direct Selling Association – Lawyers Council and Government Relations Committee

SELECTED ACCOMPLISHMENTS

  • Served as top legal executive, General Counsel, or house counsel for a variety of network marketing companies.
  • Managed responses to numerous civil investigative demands and related actions by various state departments of justice; avoided findings of violation, civil or criminal penalties or significant negative publicity on virtually all files.
  • Managed responses to Federal Trade Commission (FTC) investigative demands attacking advertising claims made for company’s product lines, and marketing/sales practices – files all closed with no adverse findings or publicity.
  • Hired and managed outside counsel in coordinating simultaneous defense of separate class action lawsuits in two state courts and in federal court seeking compensatory and punitive damages for pyramiding, securities fraud, false advertising and civil RICO. Obtained very favorable settlements in all cases.
  • Principal preparer of 20-page client document commenting to Federal Trade Commission’s 2006 Notice of Proposed Rulemaking for its Business Opportunity Rule.
  • Averted and resolved major regulatory challenges – assisted in establishing financial controls and modern employment practices including adjustments to compensation plan.
  • Established legal and government-relations functions for employer companies. Developed key contacts with regulatory agencies.
  • Consulted with corporate marketer of health services on its acquisition and development of a multilevel internet-based travel services venture – client avoided potential significant legal liability.
  • Revised, rewrote and organized supplier contracts for large multi-million dollar companies.
  • Significantly reduced frequency of adverse claims – substantially revised and rewrote operating procedures and rules of conduct applicable to distributor sales practices.
  • Grew assets from $2million to $10 million as VP of the employees’ credit union.

CAREER EXPERIENCE

      CORPORATE CONSULTING AND PRIVATE LAW PRACTICE 2000 – Present
      THE PEOPLES NETWORK (TPN), INC. 1998 – 1999
      Vice President, Legal Affairs and General Counsel
      NATIONAL SAFETY ASSOCIATES (NSA), INC. 1988 – 1998
      General Counsel
      AMWAY CORPORATION 1978 – 1988
      Attorney (1978 – 1988)
    Secretary to Trustees of Corporate Profit-Sharing Plan Vice President, Employees Credit Union (1982 – 1988)

ARTICLES AND PUBLICATIONS

      “Is Your MLM Opportunity Legal?,” Extra Income News, March,2003. Republished in Network Marketing Business Journal, April 2007.
      “The FTC gets it right (almost)!,” Network Marketing Business Journal, May 2008.
      “Data Security Compliance 101,” Nehra Law Firm Business Associate Advisory newsletter, August 2008.
      “Never a “Free” Lunch?” Nehra Law Firm Business Associate Advisory newsletter, November 2008.