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Herbalife to pay $200M, avoids more serious charges

July 15,2016 18:17

News that the U.S. Federal Trade Commission was closing its two-year investigation without labeling Herbalife a pyramid scheme sent shares soaring by 16 percent at the open of trade Friday, shares that were hammered when a prominent hedge fund ...and more »

FILE - In this May 6, 2016 file photo, the Herbalife logo appears above the post where it trades on the floor of the New York Stock Exchange. The Federal Trade Commission is closing an investigation of Herbalife and the multinational, nutritional supplements company will to pay $200 million to settlement allegations that it deceived consumers. The company said in a written statement on Friday, July 15, that the FTC settlement doesn’t change its business model as a direct selling company. (AP Photo/Richard Drew) The Associated Press

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