Herbalife’s Motion To Dismiss Bostick Charges Denied

Herbalife Ltd. (NYSE:HLF)’s motion to dismiss a lawsuit against it has been denied by a U.S. District Court. Plaintiff Dana Bostick has accused Herbalife of being a pyramid scheme. Previous allegations of racketeering, so-called RICO charges, have been dismissed and Herbalife was hoping that it would be able to end the whole affair without having to go to trial. A guilty verdict could encourage other people who have had bad experiences with the company to also press charges. Herbalife pyramid scheme The decision cites the Koscot Test which has been used by the Federal Trade Commission and previous judges to…