Herbalife Nutrition Ltd. agreed Friday to pay the DOJ and SEC $123 million in penalties and disgorgement to resolve FCPA offenses in China.… Continue Reading
LA-based Herbalife Ltd. has reserved $123 million to settle FCPA offenses, following the indictment last year of two company executives charged with spending $25 million on entertainment and gifts for Chinese officials.… Continue Reading
The Justice Department Thursday charged two former Herbalife executives with bribing Chinese officials for ten years and covering it up by lying to the SEC and destroying evidence.… Continue Reading
Dietary supplement maker Herbalife said in a securities filing Friday that the SEC has requested documents and other information about the company’s anti-corruption compliance in China.
Herbalife said it has discussed the SEC’s investigation with the DOJ.… Continue Reading