Company News, Regulations

Herbalife To Pay Fine

$15 million settlement; no admission of guilt.

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By: TOM BRANNA

Editor

Herbalife Ltd. entered into a settlement agreement that, if approved by the court, will resolve a class action lawsuit against the company. The company has been aggressively defending itself against the plaintiffs’ allegations set forth in Bostick v. Herbalife ever since the lawsuit was filed in 2013. Yet, the potential cost, as well as the distraction, disruption and burden of prolonged litigation on the company and its management team, led the company to decide that the terms set forth in t...

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