Recent Stories

Court Upholds Huge Damages Verdict Against ViSalus
August 20, 2020 -- A federal judge recently upheld a $925 million judgement determined by a jury in April 2019 in a clas...8/20/2020

Kristi Hubbard Appointed Younique President
LEHI, Utah, July 8, 2020 -- Kristi Hubbard, a direct-selling executive leader with a strong record of success, has been ...7/10/2020

FTC Sends Warning Letters About False Health Claims
April 24, 2020 - The Federal Trade Commission sent letters warning 10 MLM companies to stop making claims about their pr...4/29/2020

Altair Acquisitions Acquires Wildtree
FRISCO, Texas, April 27, 2020 -- Altair Acquisitions, LLC ("Altair") announced today that it has acquired all of the mat...4/29/2020

Pampered Chef Partners with the American Cancer Society to Support Front-Line Workers
Pampered Chef and the American Cancer Society have announced they are partnering to support free temporary housing for f...4/29/2020

Source: Npros 3/22/2015

Herbalife Lawsuit Dismissed

Herbalife stock jumped approximately 13% after a lawsuit filed by investor Bill Ackman against the company was dismissed by the court. Ackman has accused Herbalife of running a pyramid scheme and using deceptive marketing practices. U.S. District Judge Dale Fischer dismissed thge case, citing insufficient proof to show that Herbalife engaged in fraud. In addition, the judge stated that since no fraud was proven, Herbalife shareholders could not claim that any losses they suffered were due to alleged misrepresentation by the company.

There have been recent reports that employees of Ackman have been contacted by the FBI and there is an investigation into whether false statements about Herbalife's business model were made by Ackman in order to lower its stock price. Ackman had a $1 billion short position in Herbalife shares in December 2012 when he began accusing the company of making money by recruiting new representatives and not from sales of product.

Ackman also reportedly unsuccessfully tried to lobby Congress members for an investigation into Herbalife by the Federal Trade Commission and other federal and state regulators.

Herbalife released the following statement: "Herbalife welcomes the decision by the U.S. District Court for the Central District of California to dismiss the case. As we have consistently stated, we are confident in the strong fundamentals of our business model and remain committed to helping people and communities improve their nutrition."

View Herbalife International Review

Related News

Herbalife Partners with LA Non-Profits to Provide Thanksgiving Dinners

LOS ANGELES, Nov. 22, 2017 - In an effort to provide a healthier and happier Thanksgiving, premier global nutrition company Herbalife once again partnered with two Los Angeles based non-profit organizations, the Union Rescue Mission (URM) and A Place Called Home (APCH), to provide Thanksgiving meals... Read More...

Herbalife Reports Third Quarter Results

November 02, 2017

LOS ANGELES--Herbalife Ltd. reports results for the third quarter ended September 30, 2017.

'During this year of transition, we believe our performance has now stabilized and we are seeing improvements in trends,' said Rich Goudis, CEO of Herbalife. 'By continuing to imp... Read More...

Herbalife Nutrition Recognized With Forbes Magazine Award

LOS ANGELES--Global nutrition company, Herbalife, is honored to receive a place on Forbes' list of America's Best Midsize Employers.

'We're proud to be recognized as part of the Forbes list of America's Best Midsize Employers,' said Jean Marie Cacciatore, senior vice president of human resour... Read More...

FTC Sending Checks to Herbalife Distributors

January 10, 2017 -- The FTC announced it is mailing checks to almost 350,000 Herbalife distributors as part of the ettlement with Herbalife. Herbalife agreed to pay $200 million and to restructure its business in order to avoid being classified as a pyramid scheme. Herbalife publicly disagreed wit... Read More...