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Judge Gives Final Approvals to Settlements in Nu Skin Lawsuits

A federal judge in Salt Lake City gave final approval to a settlement in a putative class-action lawsuit filed two years ago against Nu Skin Enterprises Inc. and its senior executives. The US$47 million settlement resolves allegations that the company and its executives failed to disclose an unlawful pyramid scheme in China. Judge Jill N. Parrish also awarded attorney’s fees in the amount of $13.6 million plus interest—reflecting 29 percent of the settlement fund—and the payment of litigation expenses of approximately $449,000 plus interest. http://www.naturalproductsinsider.com/blogs/insider-law/2016/10/judge-gives-final-approval-to-settlements-in-nu-s.aspx

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