Herbalife Class Action Lawsuit, Pyramid Scheme Allegations Dismissed
March 23, 2015 Last week, Judge Dale S. Fischer dismissed a federal class action lawsuit against Herbalife, Ltd. (“Herbalife”) and three of its corporate officers, who were accused by Herbalife shareholders of operating the company as an illegal pyramid scheme. The lawsuit alleged that Herbalife artificially inflated its stock price by misrepresenting that the company […]
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