then you will know the FTC is about to come down hard on HLF
by the distraction of the changes themselves. For example, they saw big disruption in Mexico where distributors were against the elimination of field changes.
of a meeting they held with Herbalife CFO John DiSimone and Investor Relations Vice President Alan Quan.
Herbalife management had nothing to say about the ongoing investigations, particularly the undisclosed one the Securities and Exchange Commission (which Probes Reporter uncovered)
Fortunately for the plaintiffs, support has come from various parties, including AARP, LULAC, Truth in Advertising, and reportedly on 3/24 an objection was filed. Obviously, the twenty dollars a head was a bit ridiculous for the significant losses of money, time and reputation the plaintiffs suffered. May 11th is when the court will either accept, or reject that settlement. In the interim there will be heavy betting on what creative ways Mr. DeSimone might find to account for the settlement that may evaporate into thin air and become a $100 million, not a mere $17 million liability.
for some of the abuses at the nutrition clubs, but in general because the very restrictive distributor agreements that are common in MLM (120 pages at HLF), and make a lie of 'independence.'
matter besides IL and NY. There was a recent press report that CA might have joined the list which suggests there may be hope for enforcing the 1986 injunction against the company in that state.
yesterday. Here are some of the highlights: the losses range from about $3,000 to almost $120,000, with the bulk of the claims in the $10K to $40K range, but three above $100,000. Additionally there is $260 million in claims of S&H overcharges for the class, and the Objection estimates aggregate damaages to the class in he range of $700 million to $1.12 billion. On the whole this objection, together with the different amicus briefs that have been filed, may blow this case wide open again.
to build MLM distributorships aka pyramid schemes.
did you drop your pacifier again flutie? use your foot your good at that, LOL
oh yeah Michelle will do anything I want, LOL, gordito you are totally lost in your HLF cult fantasy land to even think that, LOL
oh sure that's why, LOL, could not be because the market came off its lows
why did HLF change the lead sales scam and refund policy and other pyramid policies like Ackman pointed out? you still have not answered the question gordito you still just try to spin it
I would have been right if Simone had not added all their cost including the kitchen sink back into non gaap earnings.