"Founded in 1980, Herbalife International is the
premier wellness company dedicated to simplifying your path to
healthy living"... more than 1.5
million independent Distributors selling Herbalife products in 60+
countries worldwide and annual revenues of about $2 billion.
--Herbalife web site
Products: weight
management, nutritional supplement, personal care products.
Weight management product portfolio includes meal replacements,
weight-loss accelerators, appetite suppressors, and variety of
healthy snacks. Targeted nutrition product Liftoff,
an effervescent energy product, which consists of dietary and
nutritional supplements containing herbs, vitamins, minerals, and
natural ingredients. Outer nutrition products include skin
cleansers, moisturizers, lotions, shampoos, and conditioners.
CEO: Michael O. Johnson - former president of Walt Disney
International
Compensation Plan: Stair-step Breakaway Trading Symbol:
HLF
NYSE
Company Website
Herbalife News
Minkow Drops Campaign Against Herbalife
Los Angeles Business Journal - Los Angeles, CA, USA
8/22/2008
... Herbalife appears to have convinced former
fraudster turned consumer advocate Barry Minkow into
retracting his accusations ...
Multilevel marketer [Usana] settles lawsuit
Deseret News - Salt Lake City, UT, USA July 28,
2008
By Paul Foy AP Usana has settled a dispute with a
critic who agreed to stop disparaging nutritional
supplement maker USANA ... "We're going to a full-court
press on Herbalife. Forget
USANA. We're
going to put [ALL] of our efforts into Herbalife," said
Minkow ...
Herbalife Gets licenses to Sell products in China
Provinces
Hemscott - London, UK 7/21/08
LONDON (Thomson Financial) - Herbalife said China's
Ministry of Commerce has granted it five additional
licenses to operate its direct-selling business ...
provinces of Beijing, Guangdong, Shandong, Zhejiang and
Guizhou.
Herbalife Announces Receipt of Letter from the
Securities and Exchange Commission
...
Wednesday June 25, 7:32 pm ET
... letter from the Los Angeles Regional Office
of the SEC states completed investigation as to Herbalife, and it
does'nt intend to recommend any enforcement action be
taken by the SEC against the company
Industry Analyst Len Clements Blasts Minkow
June 24th, 2008
No one does a better job of defending the industry than
Len Clements. Read his latest alert that deals
with the unprecedented attacks on
Usana,
Herbalife,
PPL in an apparent effort to drive down stock
values.
Herbalife Distributor Sues Up-Line ...
Trading Markets (press release) - Los Angeles, CA, USA
June 17, 2008
... unprecedented legal action, Dietary Supplement
Safety Committee Co-Founder Christopher Grell, has
expanded the scope of a recently filed lawsuit
... by adding a new category of defendants;
specifically the plaintiff's direct up-line...
Plaintiff's Lawyer Orders Lead Testing on Three Popular
Herbalife ...
CNNMoney.com (press release) - USA June 13, 2008
Attorney Christopher Grell ordered lab tests on behalf
of his client on 3 popular Herbalife ... regiment
vitamin products that were initially tested by FDI
Herbalife Sued - Ally of Barry Minkow
Los Angeles Business Journal (subscription) - Los
Angeles, CA, USA 6/10/2008
By DEBORAH CROWE ... woman on Tuesday sued
Herbalife contending she had to be hospitalized for
lead-related liver problems after taking a ...
UPDATE: Herbalife rebutts lead claims, says "no safety
issues"
Reuters - USA Jun 8, 2008
By Aarthi Sivaraman NEW YORK, June 8 (Reuters) -
Herbalife said Sunday that independent lab tests have
confirmed its products don't contain lead ...
Minkow Targeting Supplement Maker
Los Angeles Business Journal 6/2/2008
Herbalife Ltd., the nutritional supplement maker and
MLM phenomenon that 5 years ago also set about
reforming its less-than-stellar ...
New Tests reveal 904% More Lead in Herbalife, NuSkin
...
Eworldwire (press release) - Succasunna, NJ, USA
"... trying to establish a baseline, an average by
which we could test ... contrast, the 2 Herbalife
... nutritional shakes and
NuSkins My
Victory AC Shake combined for an average of 3.04
micrograms per serving or 904% more lead on average per
serving and well over the amount allowed by law without
a warning label.
Group says Herbalife products have too much lead
Reuters - May 19, 2008 By Martinne Geller
NEW YORK (Reuters) -
6 dietary supplements sold by Herbalife contain dangerous amounts of lead
[Pb] if taken according
to package ...
Former Herbalife Director of Venezuela and Columbia
comes forward ...
FOXBusiness - USA May 09, 2008 (EWORLDWIRE via
Comtex) ----Mr. Hollander ... became
suspicious of what appeared to be a common practice of
supervisors ... changing their addresses of record to
Columbia or Panama to avoid currency controls
imposed by the Venezuelan government ... to be paid in
currencies more freely traded than the Venezuelan
Bolivar ... practice is a violation of both Venezuelan
law and the Herbalife ethics policy ...
Herbalife slips president's resignation into earnings
report
BloggingStocks - USA May 1st 2008
Chairman and CEO Michael
Johnson accepted President & COO Gregory Probert's
resignation effective April 30, 2008 ... misstatement of
Probert's academic
credentials has been a matter under review by the board
of directors ... no other choice but to accept the
resignation. ...
Herbalife shares fall after COO admits exaggerated bio
Forbes - NY, USA AP 04.25.08, 7:17 PM ET ...
Shares of Herbalife sank Friday after Gregory Probert,
the company's president
and chief
operating officer, acknowledged exaggerating his
academic credentials ... Shares fell $3.94, or 9%
Spanish Ministry of Health investigating Herbalife for
possible ...
Typically Spanish - Malaga,Spain - Apr 21, 2008 - 3:26
PM ... an investigation started to try and establish the
cause of 9 cases of hepatic poisoning which were
registered between 2003 and 2007 ... Similar cases have
been reported from other EU countries and in Iceland,
Switzerland and Israel, totaling thirty-seven in
number. ...
Computer program helps the poor get their day in court
September 24, 2007
Chicago Tribune -
United States
Anyone using auto-dialers to make calls
that violate the law could face up to $1,500 in fines
and lawsuits. In one class action, consumers
complained that representatives of
Herbalife International of America Inc. ...
violated the act ... litigants agreed to a settlement
that entitles anyone getting such a call to file a claim
and receive up to $75. Info at
http://www.tcpasettlement.com
Herbalife
Opens for Business in Zambia July 03, 2007 Business
Wire (press release) - SF, CA, USA ... proximity
to South Africa ... also makes Zambia a desirable location.
...
Herbalife Added to Russell 1000 dBusinessNews Los
Angeles (press release) - Los Angeles, CA, USA LOS
ANGELES -- Herbalife Ltd. (NYSE:HLF) today announced
that on Friday, June 22, 2007 it was added to Russell
1000 Index which tracks the performance ...
Mexican Expansion Proving a Problemo Herbalife
stock rocked by renegade sales agents. [Registration
Required] Source: Los Angeles Business Journal (CA)
1/19/07 6:37 PM ... Likely it's the problems inherent in
multi-level marketing, but, whatever the cause, Herbalife Ltd. has
once again been tripped up by its ...
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