Herbalife Statement Regarding Belgian Appeal Court Ruling
03 Dezember 2013 - 6:32PM
Business Wire
Global nutrition company Herbalife (NYSE: HLF), welcomes the
judgment by a Belgian Appeal Court that states the company’s sales
model is in full compliance with Belgian law. This judgment
overturns a previous ruling by the lower court, in response to
claims brought by Belgian consumer organization Test-Aankoop, that
Herbalife was operating a pyramid scheme.
Herbalife always believed that the first judgment contained
factual errors and was based on misinterpretations of its
direct-selling sales method, and was confident that the original
judgment would be overturned on appeal.
Herbalife continues to focus on supporting its independent
distributors and their customers in Belgium, and the company
remains committed to an open and transparent relationship with
those distributors and customers, as well as regulatory authorities
and all other stakeholders.
About Herbalife Ltd.
Herbalife Ltd. (NYSE:HLF) is a global nutrition company that
sells weight-management, nutrition and personal care products
intended to support a healthy lifestyle. Herbalife products are
sold in more than 90 countries to and through a network of
independent distributors. The company supports the Herbalife Family
Foundation and its Casa Herbalife program to help bring good
nutrition to children. Herbalife's website contains financial and
other information about Herbalife at www.herbalife.com.
Herbalife Ltd.George Fischer (EU)+44 7787 148392orJulian
Cacchioli (US)+1 213 309 9478
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