Category: Regulatory

A federal judge has dismissed a lawsuit accusing Herbalife Ltd. and its chief executive officer of misrepresenting the weight-loss and nutritional products maker's sales practices as legitimate when the company was "at its core" a pyramid scheme.

The FDA says it wants input on whether it needs to do more to ensure that remedies are safe and effective. This article from The Washington Post examines the desire of the FDA to revisit its oversight on homeopathic products.

According to an article from Fortune, federal investigators are looking into whether people, including some hired by William Ackman, made false statements about the Herbalife’s business model to regulators.

Herbalife shares jump after company hires former FTC commissioner who promises increased policing and enforcement according to this article from The Los Angeles Times.

On Monday, the FDA delivered official "warning letters" to senior executives at two major direct selling companies, citing online health claims by distributors of these organizations both based in Utah.

Herbalife receives a Civil Investigative Demand from the US Federal Trade Commission.

Seventy-six percent of smaller direct selling companies saw growth in 2012, with an average retail sales increase of about 22 percent, according to findings from the recent DSA 2012 Growth & Outlook survey.

No doubt you've heard about what is turning into national news. The SEC says ZeekRewards.com is an online Ponzi scheme, and the news has cast a pall over the industry. You can read the SEC filing here.