Herbalife was established in 1980 and operates in over 75 countries.
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:
**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
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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.
