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Company: Herbalife
Current Parent Company:
Herbalife
Parent at the Time of the Penalty Announcement:
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Penalty: $3,000,000
Year: 2016
Date: July 15, 2016
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: Herbalife agreed to pay $3 million in restitution to settle allegations it made false and misleading claims about a multi-level marketing scheme. This was in conjunction with but separate from a nationwide Federal Trade Commission settlement.
Level of Government: state
Action Type: agency action
Agency: Illinois Attorney General
Civil or Criminal Case: civil
Facility State: Illinois
HQ Country of Current Parent: Cayman Islands
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: food products
Specific Industry of Current Parent: nutritional products
Source of Data:
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
Update Log.