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Herbalife wins court case in Belgium

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In a Belgian appeals court ruling yesterday, Herbalife was cleared of allegations that the  company operates an unlawful pyramid scheme.

This judgment overturns a previous ruling by the lower court, in response to claims brought by Belgian consumer organization Test-Aankoop, that Herbalife was operating a pyramid scheme.

The court ruling, says that Herbalife’s sales model is in “full compliance with the law.”

The news is of course great news for investors as shares went up $4.80, or 6.7%, to $76.65. So far this year Herbalife stock is up more than 130%.

 

http://www.latimes.com/business/la-fi-herbalife-ruling-20131204,0,7021595.story#ixzz2mXBymvS1

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