Saturday, October 15, 2016

NU SKIN FACING THE MUSIC BY THE MILLIONS! WHO'S NEXT?

Judge gives final approval to $47M settlement of Nu Skin shareholder lawsuit

First Published     •    Last Updated Oct 13 2016 07:35 pm

A federal judge on Thursday gave final approval to a settlement in a shareholder lawsuit against Nu Skin Enterprises in which the company agreed to pay $47 million over allegations it had operated an illegal pyramid scheme in China which it failed to disclose, even as it reported soaring earnings.
The Provo-based multi-level marketer of personal care products and nutritional supplements reached the settlement earlier this year and U.S. District Judge Jill Parrish on Thursday gave final approval, and also Ok'd a distribution plan and awarded attorney fees. Nu Skin said it and individual officers named in the lawsuit continue to deny the allegations.  Read the full story here.


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