The pension system of the pension Oklahoma firefighters who brought a copy of the complaint in March, US District Judge Dale Fischer in Los Angeles, did not hide the company's ability to track the sales of the defendants defrauded shareholders did not show.
CEO Michael Johnson's top executives expressed the hope that the judges did not raise suspicions, "large, can not be denied, while" net 12 percent a year as its share of Herbalife cut, and said that "some form of disciplinary action." On the company's business practices.
"He was definitely the Herbalife practice their legitimate multi-level marketing companies and illegal pyramid scheme was vulnerable to legal challenge because of the gray area is occupied on that," Fisher wrote.
The amended complaint filed by the Prosecutor on 27 August to raise the February 23, 2011 and March 10, 2014, Fischer's seeks class action status
"We are disappointed with the ruling and, in consultation with the client to determine our next step," Maya Saxena, a lawyer for the Fund in Oklahoma in an email Wednesday.
The Herbalife not immediately respond to requests for comment on the verdict. It has denied any wrongdoing.
Participants recruiting others to sell products through sales and earn more money when the pyramid schemes often occurs.
He is from a pyramid scheme, also accused the Herbalife billionaire hedge fund manager William Akman. His company, Pershing Square Capital Management, a $ 1 billion betting against the Los Angeles-based Herbalife said that in December 2012.
In May, another federal judge who led them astray with distributors in Herbalife $ 15 million to settle the final approval, the company said.
To $ 50.66 in Wednesday trading on the Herbalife shares added 0.1 percent, and still more remain at his small bet on Akman.
If you are repeating: the Herbalife Ltd. Securities Litigation, US District Court, Central District of California, No. 14-02850.