Herbalife to pay $15 million to settle class action lawsuit

http://ift.tt/eA8V8J The company would pay $15 million in cash, plus up to $2.5 million for product returns, according to the court filing that granted preliminary approval for the settlement on Friday. Under terms of the settlement, Herbalife would also make "numerous changes" to its business model for at least three years after the settlement receives final approval, the court filing said. Short-sellers and other critics have accused companies such as Herbalife, NU Skin Enterprises Inc (NUS.N) and USANA Health Sciences Inc (USNA.N) of running pyramid-type schemes, questioning their sales model under which distributors make money not only from their own sales but from people they recruit as distributors.



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