A lower court ruling that had previously claimed that the international nutritional company, Herbalife, was operating as a pyramid scheme was overturned December 3, 2013. An appellate court declared that Herbalife was in fact operating in complete compliance with Belgian law. This ruling is in response to the previous claims by the consumer organization, Test-Aankoop that Herbalife was operating as an illegal pyramid scheme, reports Yahoo! news.
Herbalife was established in 1980 and operates in over 75 countries. The company is the world’s fifth top direct selling company, with 2.7 million salespeople in roughly 79 markets, reports mlmlegal.com.
For additional information, read the following articles:
Herbalife: Belgian Appeal Court: Herbalife is No Pyramid: Validates Legitimacy: The Next Chapter in Recognition of Personal Use
**See a translated copy of the actual Belgian Court of Appeal Herbalife ruling.
Herbalife Statement Regarding Belgian Appeal Court Ruling
Herbalife: Belgian Court Overturns Pyramid Ruling
Herbalife says Belgian appeals court reversed pyramid scheme finding
Visit www.mlmlegal.com and www.mlmattorney.com for more information on the network marketing industry.
Find us on our social networks:
Our next Starting and Running the Successful MLM Company Conference takes place February 27th & 28th, 2014 in Las Vegas. Call 503-226-6600 or 800-231-2162 to register.
UPDATE: In light of the news that Herbalife indeed is abiding by Belgian law, Yahoo! news reports that the company’s shares have risen nearly seven percent.