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 28-Aug-2020
Initial Filing Format Administrative Action
File Number 3-19948
Allegation Type Foreign Corrupt Practices Act
AAER 4165

Violations Alleged

Exchange Act
• Sec 13(b)(2)(A)
• Sec 13(b)(2)(B)

Resolutions

First Resolution Date 28-Aug-2020
Headline Total Penalty and Disgorgement $67,313,498

Related Documents:

34-89704 28-Aug-2020 Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
On August 28, 2020, the SEC instituted settled cease-and-desist proceedings against Herbalife Nutrition, Ltd. The SEC stated: "This matter concerns violations of the books and records and internal accounting controls provisions of the Foreign Corrupt Practices Act ("FCPA") by Herbalife, a direct selling company incorporated in the Cayman Islands with headquarters in the United States."
2020-197 28-Aug-2020 Press Release--Administrative Proceeding
SEC Charges Herbalife with FCPA Violations
The SEC "announced that Herbalife Nutrition Ltd. has agreed to pay more than $67 million to settle charges that it violated the books and records and internal accounting controls provisions of the Foreign Corrupt Practices Act (FCPA). In a parallel action, the U.S. Department of Justice and the U.S. Attorney's Office for the Southern District of New York today announced that Herbalife will pay a criminal fine of more than $55 million for a total of more than $123 million paid in both actions."

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