Defendant Name:
Herbalife Nutrition Ltd.
Defendant Type:
Public Company
SIC Code:
5122
CUSIP:
G4412G10
Document Reference:
34-89704
Document Details
Legal Case Name
In the Matter of Herbalife Nutrition Ltd.
Document Name
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
Document Date
28-Aug-2020
Document Format
Administrative Proceeding
AAER
4165
Allegation Type
Foreign Corrupt Practices Act
Document Summary
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."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Other Compliance Related Undertaking
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Disgorgement
Individual:
$58,669,993.00
Shared:
Pre-Judgment Interest
Individual:
$8,643,504.50
Shared:
