Mr. Pink's Picks: selected event-driven value investments Message Board

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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments

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To: Brasco One who wrote (18753)	2/27/2013 2:27:39 PM
From: StockDung	of 18998

THe California Attorney General, The California Department of Health and District Attorney of Santa Cruze County sued Herbalife in 1985 which has seeked to prohibit Herbalife from engaging in an illegal "pyramid scheme" news.google.com The result: nytimes.com Herbalife to Pay $850,000 Penalty Special to the New York Times Published: October 17, 1986 LOS ANGELES, Oct. 16— Herbalife International Inc., a health and diet products concern, agreed Wednesday to pay $850,000 to settle a suit filed by the California Attorney General's office that charged the company with making false medical claims and running an illegal pyramid-style marketing scheme. Herbalife, which has also recently settled a long investigation by the Federal Food and Drug Administration, has agreed to change the way it represents its weight-loss products and insure that its distributors do not depend on recruiting new sales personnel rather than selling the products to make money. State officials said the $850,000 payment was one of the largest civil penalties of its kind.

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