Defendant Name: Herbalife Nutrition Ltd.

Defendant Type: Public Company
SIC Code: 5122
CUSIP: G4412G10

Initial Case Details

Legal Case Name In the Matter of Herbalife Nutrition Ltd.
First Document Date 27-Sep-2019
Initial Filing Format Administrative Action
File Number 3-19536
Allegation Type Issuer Reporting and Disclosure

Violations Alleged

Exchange Act
• Rule 12b-20
• Sec 13(a)
• Rule 13a-1
• Rule 13a-13
Securities Act
• Sec 17(a)(2)
• Sec 17(a)(3)

Resolutions

First Resolution Date 27-Sep-2019

Related Documents:

33-10703 27-Sep-2019 Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 8A of the Securities Act of 1933 and Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
On September 27, 2019, the SEC instituted settled cease and desist proceedings against Herbalife Nutrition Ltd. ("Herbalife"). The SEC stated: "Between 2012 and 2018, Herbalife – a direct selling company with operations in over 90 countries – made false and misleading public statements in numerous U.S. regulatory filings regarding its China business model and, thus, misleading and depriving investors of information to fully evaluate the risks regarding Herbalife’s compensation system under Chinese law."
2019-195 27-Sep-2019 Press Release--Administrative Proceeding
Herbalife to Pay $20 Million for Misleading Investors
The SEC stated that: "Herbalife Nutrition Ltd.—a direct selling company with operations in over 90 countries— has agreed to pay $20 million to settle charges that it made false and misleading statements about its China business model in numerous U.S. regulatory filings over a six-year period."