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Reports show that business was legitimate.
March 18, 2015
By: Melissa Meisel
A dismissal of a lawsuit that claims shareholders lost money is the latest news for Herbalife Ltd, according to reports. US District Judge Dale Fischer in Los Angeles said shareholders did not show that Herbalife inflated its stock price by misrepresenting itself as a legitimate multi-level marketing company, said reports, in a case dated March 16 – Awad v. Herbalife Ltd. Herbalife Ltd. reported fourth quarter net sales fell 11% to $1.1 billion, primarily due to the unfavorable impact ...
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