Defendant Name: Herbalife Nutrition Ltd.

Defendant Type: Public Company

Document Reference: 2020-197

Document Details

Legal Case Name In the Matter of Herbalife Nutrition, Ltd.
Document Name SEC Charges Herbalife with FCPA Violations
Document Date 28-Aug-2020
Document Format Administrative Proceeding
File Number 3-19948
Allegation Type Foreign Corrupt Practices Act
Document Summary 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."

Disgorgement & Penalty Information

Resolutions
Cease and Desist Order
Other Compliance Related Undertaking
Monetary Penalties:

Disgorgement

Individual:     $58,600,000.00 Shared:    

Pre-Judgment Interest

Individual:     $8,600,000.00 Shared:    

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."

Related Actions:

SEC v. Jerry Li
Jerry Li