Herbalife is close to reaching a settlement with five former distributors who claim the controversial nutritional products company is running a pyramid scheme that has victimized thousands.
Lawyers for both sides told California federal judge Beverly O’Connell last month that “the parties have tentatively agreed on the principal terms of a settlement,” according to court papers.
The parties asked for an extension of several pretrial filing dates, saying they needed more time to finalize a deal.
The suit was brought by California resident Dana Bostick in April 2013, less than four months after hedge fund activist Bill Ackman called Herbalife a fraud and placed a $1 billion short bet on the shares.
In June, four new plaintiffs joined the proposed class-action suit against the Los Angeles company.
Both sides declined to comment on the talks or the amount of the potential settlement under discussion.
Herbalife, which is under investigation by the Federal Trade Commission and other regulators, has denied the allegations and earlier said the suit had no merit.
But it now appears willing to accept a class-wide settlement to put a cap on its liability, sources told The Post.
The class would cover about 1.5 million people — those who joined in the US after 2009 to the present, excluding
Hot Business News Today
Avon, Dissatisfied, Withdraws From DSA
by Tina Williams • • 0 Comments
In a press release dated September 12th, Avon stated they were withdrawing from the DSA because of their dissatisfaction with the organizations direction. They sent a letter, addressed to “U.S. direct selling colleagues”, which shares their decision was driven by two key issues:
1. They believe the DSA’s agenda in the U.S. is overly focused on issues of a few specific brands rather than industry-wide challenges.
2. They believe that the U.S. DSA Code of Ethics requires updating to better reflect the current state of the industry in the U.S.
Avon is not exiting the World Federation of Direct Selling Associations, local market DSAs, or other direct selling trade organization outside of the United States (many of which they are founding members of). They believe these associations play an important role for Avon. Avon continued to share that there are three major aspects of their business model that they believe further safeguards their representatives and consumers.
1. The Avon business model does not rely on nor does it encourage sales of inventory, training or business support materials between representatives. The core of their model is retailing.
2. Avon has reasonable return policies and representatives are not left holding excess inventory.
3. Avon limits earnings to three generations. They do
Hot Business News Today
Nominate Your Top Direct Selling Company!
by Ted Nuyten • • 0 Comments
Next month we will launch the largest Direct Selling poll ever.
The Top Direct Selling Companies In The World In 2015 – Poll.
We have added approx. 100 companies to the poll compared to last year.
We might have overlooked your great opportunity, please comment below if your company is NOT in the list
We have nominated around 600 companies.
Last year the poll received over 800,0000 pageviews and 52,000 people “liked” the poll on facebook.
The results from last year can be found are here, 40,000+ MLM professionals voted – 1,100+ Tweets – 495+ Google plus shares and 338 Linkedin shares.
Talking about free exposure for an opportunity ….
Please check if your
opportunity is listed
in the drop-down box.
If not, leave a Facebook comment
and we will take care
You can “Vote” however
that is for testing purpose only.
Note: There is a poll embedded within this post, please visit the site to participate in this post’s poll.
Hot Business News Today
The Things Bosses Do That Inspire Employee Committment
by Successful IBO • • 0 Comments
Is your team fully committed to your company’s goals and vision? Here’s how to make sure everyone is on the same page.
Hot Business News Today
Visalus 2 Star Ambassador’s, Dallas And Wendy Gareau, Earn 500k In Lifetime Earnings
by Tina Williams • • 0 Comments
Dallas and Wendy Gareau accepted the PROJECT 10™ Challenge in 2011 because they wanted to lose weight and feel better—but what resulted was much more than a health transformation.
In 2014, the couple broke more than $500K in lifetime earnings. It’s a milestone that marks an impressive achievement, as they’re driven by more than monetary rewards.
“We never started promoting The Challenge for money or to build a business,” says Dallas. “We only started because we wanted to see if our 90-day Challenge and drinking the Vi-Shape® Shake would work for us.”
Dallas has dropped 46 lbs. and Wendy has shed 30 lbs.* since starting their Challenge. This incredible transformation inspired them to share their story with every person they could.
“With zero to minimal experience, we built an entirely organic business,” stated Wendy. “We have been blessed so abundantly, and we want to pay it forward.”
Prosperity for Others
“The biggest reward promoting Vi is working with others and knowing our own success is revealed through helping those we care about,” says Wendy.
In fact, she has helped her sister and uncle lose more than 200 lbs. collectively* and gain financial freedom by introducing them to the same PROJECT 10 Challenge that changed her own life.
“No one likes to
Hot Business News Today
LifeVantage Launches Training For Young Millenial Entrepreneurs
by Tina Williams • • 0 Comments
LifeVantage Corporation LFVN, is hosting its first-ever exclusive 3-day Rules of Engagement seminar designed to teach, train and mentor their young entrepreneur Distributors. The most important purpose of this historic seminar is to welcome the young members of the millennial generation as they embrace the business opportunity, products and positioning of LifeVantage in unprecedented numbers.
These young entrepreneurs are laying a foundation of success and this seminar is designed to give them the necessary tools to establish a strong business career. The event is currently taking place at The Flamingo Hotel and Casino on the famous Las Vegas strip. The educational mentoring sessions are being hosted by some of the most successful young entrepreneurs already within the Elite Ranks of LifeVantage Distributors.
“Our main objective for hosting this event is to have our Distributors gain insights into the energy, passion and drive that fuel these incredible young men and women,” said Dave Phelps, Chief Sales Officer at LifeVantage. “Millennials have vast networks of friends that are connected and driven to achieve their dreams in unconventional ways and LifeVantage is the perfect vehicle where they can learn significant business skills to help them achieve life-long Freedom.”
LifeVantage President and Chief Executive Officer Douglas C.
Hot Business News Today
iPhone 6 vs. iPhone 5s: Should You Upgrade?
by Successful IBO • • 0 Comments
Hot Business News Today
LifeVantage Tailors New Seminar to Millennial Entrepreneurs
by mallen@directsellingnews.com • • 0 Comments
LifeVantage is strategically targeting the next generation of entrepreneurs with a new event underway at The Flamingo Hotel and Casino in Las Vegas.
Hot Business News Today
Millennial vs. Boomer Entrepreneurs: What Constitutes Work?
by Successful IBO • • 0 Comments
A new study shows that Baby Boomers and Millennials have very different definitions of what counts as work and what doesn’t.
Hot Business News Today
Employee Training: 3 Helpful Hints for Small Businesses
by Successful IBO • • 0 Comments
Even if your small business doesn’t have a formal employee training program, you can still make sure your new hires are learning what they need to know.