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Herbalife says products are for consumption, not a scheme

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Published: Thursday, 10 Jan 2013 | 10:24 AM ET

Jan 10 (Reuters) - Herbalife Ltd defended itself on Thursday from accusations that it is a pyramid scheme, saying in 32 years of operation just one court had found such a claim to be true.

In a presentation to analysts, the company said the overwhelming majority of purchases of its products were motivated by consumption and not for other purposes.

(Reporting by Ben Berkowitz; Editing by Jeffrey Benkoe)

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Jan 10- Herbalife Ltd defended itself on Thursday from accusations that it is a pyramid scheme, saying in 32 years of operation just one court had found such a claim to be true.
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