Herbalife lawsuit aims to gain weight of more claimants
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Herbalife promises to make some people thin and others fat with finances.
One couple in Hallandale Beach, Florida, says the Los Angeles-based health multi-level marketing firm failed on its second promise, according to The Associated Press.
Patricia and Jeff Rodgers, claimants in a lawsuit that aims to go class action and could cost the firm millions, reportedly lost more than $100,000 attending Herbalife conferences, buying its shakes, vitamins and more to sell under promises that they would “get rich beyond their wildest dreams” selling Herbalife health and personal care products.
Others have joined in on the lawsuit, and lawyers told the AP that eventually the suit could involve more than 100,000 plaintiffs and might mean as much as $1 billion in damages, the wire service reported.
No word on whether the products work, but Herbalife is getting lean as far as lawsuit settlements.
In 2016, the company settled a Federal Trade Commission case for $200 million after Herbalife’s business model was found to be based on recruitment of distributors rather than actual sales of its products. In 2015, another lawsuit by Herbalife distributors ended in a $17.5 million settlement, according to the wire service.
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