(New York Times) Herbalife, a nutritional supplement company that was once the focus of attacks by a well-known hedge fund manager, reached a settlement on Friday with securities regulators over allegations it misled investors about its business practices in China.
The company agreed to pay $20 million to the Securities and Exchange Commission to settle claims that it misled investors for six years.
Herbalife Settles With S.E.C., but Too Late for Hedge Fund Investor
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