Herbalife to Pay $123 Million to Settle China Bribery Allegations

Herbalife Nutrition Ltd. said it has reached an agreement in principle with U.S. authorities to resolve bribery investigations into its business activities in China. Herbalife will likely pay about $123 million in penalties to resolve probes by the U.S. Department of Justice and Securities and Exchange Commission, the Los Angeles-based multilevel-marketing company said in a quarterly report to investors Thursday. Read the complete article HERE.