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Litigation

Jul. 18, 2016

Herbalife settles with FTC, agrees to pay $200 million

Herbalife International of America Inc. must face sanctions from regulators and pay $200 million to consumers to settle allegations from the Federal Trade Commission that the nutritional supplement company was running a pyramid scheme.

By Saul Sugarman
Daily Journal Staff Writer

Herbalife International of America Inc. must face sanctions from regulators and pay $200 million to consumers to settle allegations from the Federal Trade Commission that the nutritional supplement company was running a pyramid scheme.

The settlement, announced Friday, was brokered on Herbalife's end by Los Angeles-based Sidley Austin LLP partners Douglas A. Axel and Nitin Reddy, according to ...

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