Defendant Name: Herbalife Nutrition Ltd.

Defendant Type: Public Company

Document Reference: 2019-195

Document Details

Legal Case Name In the Matter of Herbalife Nutrition Ltd.
Document Name Herbalife to Pay $20 Million for Misleading Investors
Document Date 27-Sep-2019
Document Format Administrative Proceeding
File Number 3-19536
Allegation Type Issuer Reporting and Disclosure
Document Summary 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."

Disgorgement & Penalty Information

Resolutions
Cease and Desist Order
Monetary Penalties:

Civil Penalty

Individual:     $20,000,000.00 Shared:    

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."