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Herbalife hit with investor lawsuit over 'pyramid' claims
Monday April 14th 2014, 8:55 pm Filed under Shareholder lawsuit

Herbalife Ltd was hit with a shareholder class action lawsuit Monday accusing the multilevel-marketing company of failing to disclose to investors that its operations were based on a pyramid scheme. The lawsuit, filed in federal district court in Los Angeles, came three days after news emerged that the FBI was investigating the nutrition and weight loss company. The case appeared to be the first ... [News Source]