Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Herbalife Ltd HLF

Herbalife Ltd. is a global nutrition company. The Company sells weight management; targeted nutrition; energy, sports and fitness; and other nutrition products to and through a network of independent members (Members). Its products include meal replacements, protein shakes, teas, aloes, high-protein snacks, vitamins and supplements, and sports nutrition. The Company offers a range of meal replacement products, such as protein shakes, bars, and soups. Its snack portfolio includes a variety of sweet, savory and creamy options, such as high protein iced coffee, protein bars, snack shakes, soups, and baking mixes. Its Herbal Aloe Concentrate is a beverage formulated with aloe vera, which can be mixed with water, tea or protein shake. It has also developed a portfolio of dietary supplements, including solutions for heart health, digestive health, immunity and others. It sells products in approximately 95 markets across the world.


NYSE:HLF - Post by User

<< Previous
Bullboard Posts
Post by HedgeFunderon Aug 31, 2016 2:04pm
393 Views
Post# 25196282

WATCHDOG: HERBALIFE (HLF) UNDER FIRE AGAIN

WATCHDOG: HERBALIFE (HLF) UNDER FIRE AGAIN

Consumer Watchdog Calls On Attorney General Harris To Act Against Herbalife; Says Many Undocumented Californians Are Afraid To File Claims In Federal Settlement

SANTA MONICA, Calif.Aug. 30, 2016 /PRNewswire-USNewswire/ -- Consumer Watchdog today called on Attorney General Kamala Harris "to take immediate action on the hundreds of consumer complaints against Herbalife to obtain relief for the hundreds of Californians, regardless of their immigration status, who were victimized by Herbalife's deceptive and predatory business practices."

The nonpartisan, nonprofit public interest said Harris should file a suit against Herbalife for failure to honor a 1986 injunction that was supposed to stop the company's abusive practices.

Herbalife recently reached a settlement with Federal Trade Commission, requiring Herbalife to pay $200 million to their consumer base and restructure their abusive business practices. 

In a letter to Harris calling for her to act on behalf of all California residents, Jamie Court, Consumer Watchdog President and John M. Simpson, the public interest group's Privacy Project Director, wrote:

"Undocumented residents, who represent a disproportionate share of Herbalife's victims, are unlikely to come forward to take advantage of a federal settlement.  Simply put, they fear that giving information to a federal agency could lead to their deportation. Therefore, we urge you to launch an investigation into Herbalife's past business practices in California and to take action on behalf of all California residents, including those who are afraid of seeking to benefit from the FTC settlement."

Read Consumer Watchdog's letter here: https://www.consumerwatchdog.org/resources/ltrharris-083016.pdf

Consumer Watchdog said the FTC settlement "represents a step toward justice for those who have fallen victim to the company and who are willing and able to make a claim."

"However, the FTC action is not enough; you must ensure that the company never has another opportunity to mislead consumers within the State of California again and that all victims in the state, regardless of immigration status, receive restitution," Court and Simpson wrote,

Consumer Watchdog said that in 1986 then Attorney General John Van de Kamp obtained an injunction that was supposed to stop Herbalife's abusive practices, but the company never fully complied. In the last three years a reported 780 victims have filed consumer complaints about Herbalife to the Attorney General's office.

"By filing a lawsuit against Herbalife for violating the 1986 injunction, you can provide relief to the hundreds of Californians that were victimized by Herbalife's business practices and offer further protection and restitution to all California residents that were affected," then letter said.

Consumer Watchdog noted that there is clear precedent for state action against Herbalife. Earlier this summer, Illinois Attorney General Lisa Madigan announced a $3 million settlement to directly resolve the consumer complaints filed against Herbalife in her state.

"The victims in California, regardless of their immigration status, deserve similar additional support, then letter concluded. "California needs you, Attorney General Harris to stand with them. We are asking for action that will provide justice to all those in the state who have been hurt by Herbalife's deception and abusive predatory business practices."

Visit our website at www.consumerwatchdog.org


<< Previous
Bullboard Posts