Trademark of Herbalife
A Belgian appellate court declared December 3, 2013 that Herbalife is in fact operating in compliance with Belgian law, reports Yahoo! news. This ruling is in response to previous claims by the consumer organization, Test-Aankoop, that the international nutrition company was operating as a pyramid scheme.
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 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: The good news of a Belgian appellate court ruling Herbalife a legitimate operating business has caused the company’s stock price to jump nearly seven percent, reports Yahoo! news.