The total payout of the Herbalife Class Action Settlement is $12.5 million and the per person payout will be based on individual Herbalife US based events ticket purchases. Individuals will receive 150% of their total spending on event tickets soon through Electronic Transfer or Check.
According to recent updates of the official settlement website, the class administrator is still reviewing Claim forms and asking about additional information through email. Check your email inbox and official website regularly to get updates.
Herbalife Class Action Settlement Payout
The Herbalife Class Action Settlement is about the misrepresentation of values of attending its US based events. This class action lawsuit was filed by distributors who claimed that Herbalife misled them about the benefits of attending its events. It is expected that the payout will begin in early 2025.
Herbalife, a well known nutrition, supplement and personal care products company, has not admitted any wrongdoing but it’s agreed to pay $12.5 million to resolve this settlement. This settlement fund will be distributed to qualifying claimants who have filed their claim forms till the deadline 4 August 2023.
This settlement has gained final approval on 16 November 2023 and the class administrator is requesting additional information through email. If you are a class member and receive an email in which the settlement administrator will ask for additional information to verify your eligibility, then provide it abruptly to avoid further delays in payout.
How much is the Herbalife Class Action Settlement Payout?
The total payout of Herbalife Class Action Settlement is $12.5 million and the settlement amount which each class member receives will depend on the number of purchased tickets. Those who submitted valid claim forms will receive up to 150% of their total spendings on event tickets.
The settlement total amount will also be used for attorney’s fees, litigation costs, and other administrative expenses. To know your exact portion, you have to wait for the payout arrival. If you receive an email which requires additional information, make sure to reply quickly to avoid delays and rejection of claim form.
Who is eligible to receive Herbalife Class Action Settlement Payout?
The eligibility criteria of Herbalife Class Action Settlement is crucial to know if you want to verify whether you are eligible for payout of this settlement or not.
- Individuals who have purchased tickets for Herbalife US based events between 1 January 2009 to 6 April 2023 are eligible to receive payout of this settlement.
- Individuals must have been a distributor for Herbalife in the United States.
- Those who have submitted valid claim forms by the set deadline of this settlement with accurate details are also qualified for payout.
- Those who have excluded themselves from settlement class by the deadline of 4 August 2023, will not receive anything from this settlement class.
- The settlement covers many Herbalife Events including:
- Extravaganza
- Leadership Development Weekend (LDW)
- Future President’s Team Retreat
- Kickoff
- Spectacular(s)
- January Kickoff (JKO)
- January Spectacular
- Herbalife Honors
- African American Recruiting Tour
- Herbalife Summit
- Building Your Business Workshop
- Future Millionaire Team Event (FMTE)
- RSM LA Experience
- Galaxy Rally
- Success Training Seminar (STS)
- Herbalife Opportunity Meeting (HOM)
- Scale to Success
How can I check the status of Herbalife Class Action Settlement Payout?
The status of this settlement can be checked through regularly visiting official websites and interested individuals can directly contact the claims administrator for the most accurate information. The contact details of the Settlement administrator can be found in the official website or you can also use email [email protected].
You also have to keep an eye on your email inbox to confirm any notification from the settlement administrator. They may ask for additional information or inform you about the payout through your mail so also check spam and junk folders.
What can be the delay reasons behind Herbalife Class Action Settlement Payout?
There can be many delay reason behind the Herbalife Class Action Settlement Payout distribution including:
- Additional Requirements: The one more crucial delay reason is requirement of additional information for verification and protection from identity theft or fraud.
- Review Process of High Volume Claims: in case of high volume of claim forms, the review process can take longer time and it also takes part in delays.
- Legal and Administrative Proceedings: It includes the finalization of qualifying class members list, calculation of their funds, requirement of additional information and resolution of appeal phase. These all contribute to the timing of settlement.