Herbalife Ltd. (NYSE:HLF) revealed in a U.S. court filing that it would pay $15 million to settle a class action lawsuit brought by a former distributor claiming the company is running a pyramid scheme. The settlement also requires the nutrition and supplements company to make numerous changes to its business model. Allegations against Herbalife In April last year, Dana Bostick, a former salesman, filed a lawsuit against Herbalife Ltd. (NYSE:HLF) contending that he and hundreds of thousands of other distributors have failed to make much money by trying to sell the products. He alleged that the company was running a…
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