Defendant Name:
Herbalife Nutrition Ltd.
Defendant Type:
Public Company
SIC Code:
5122
CUSIP:
G4412G10
Document Reference:
33-10703
Document Details
Legal Case Name
In the Matter of Herbalife Nutrition Ltd.
Document Name
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
Document Date
27-Sep-2019
Document Format
Administrative Proceeding
Allegation Type
Issuer Reporting and Disclosure
Document Summary
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."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Monetary Penalties:
Civil Penalty
Individual:
$20,000,000.00
Shared:
