Mark Iandolo Aug. 12, 2016, 11:59am


WASHINGTON (Legal Newsline) — The Federal Trade Commission (FTC) has announced it is taking applications for an independent compliance auditor (ICA) to oversee Herbalife’s compliance with a judicially enforceable stipulated order for permanent injunction and monetary judgment.

The ICA will need to provide reports on Herbalife’s implementation of the order. The ICA will assess whether the company is tracking its retail sales, distinguishing between business opportunity participants and discount, observing limitations on compensation based on personal consumption of products, calculation and payment of multilevel compensation, and certain training requirements.

The ICA will be selected jointly by the FTC and Herbalife. If they cannot agree on the person, a court will make final decisions.

The ICA will oversee the implementation of the order for seven years. The FTC is posting a description of the work required by the project as well as information that must be included in the application, on its website.

The FTC is accepting applications through midnight EDT Aug. 29.

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U.S. Federal Trade Commission
600 Pennsylvania Ave NW
Washington, DC 20580

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