News Snapshot:
U.S. says Herbalife to pay $123.1 million to resolve China bribery case Aug 28, 2020 | Business By Jonathan Stempel NEW YORK (Reuters) – Herbalife Nutrition Ltd will pay $123.1 million to settle criminal and civil charges it bribed Chinese officials in government agencies and media outlets to boost its business in China, the U.S. Department of Justice said on Friday. The multi-level marketing company, whose products include dietary supplements, entered a three-year deferred prosecution agreement in which it admitted to conspiring to violate the books and records provision of the Foreign Corrupt Practices Act, an anti-bribery law. Authorities said...
