March 8, 2016 (Update) - On March 3, 2016, Herbalife Ltd. released in an SEC filing, that on March 1, 2016 Herbalife Ltd. identified certain information regarding its new 'Active New Member' metric that was listed on several of the company's 2015 reports.

Herbalife Ltd. said it began tracking this non-financial metric in 2015 in connection with certain marketing plan changes and discussed it for the first time on its second quarter 2015 earnings call and that however, database scripting errors led to both (i) the errant inclusion of additional categories of data in calculating the metric for parts of 2015 which were not included in the 2014 and prior period calculations and (ii) quarterly aggregation issues which created variances from period-to-period depending on when the greatest level of activity occurred during the relevant period.

Jan. 08, 2013 (Update) -- On Dec. 20, 2012, an article was published citing a hedge fund managers allegations from the day before that the nutritional supplements company is a pyramid scheme. The hedge fund manager admitted that he has been shorting the company's stock for several months. He detailed his allegations in a presentation on Dec. 21, 2012.

Herbalife Chairman and CEO said on Dec. 20, 2012 that the allegation that Herbalife is a pyramid scheme is 'bogus'.

Shares of Herbalife Ltd. (NYSE:HLF) declined from $42.50 per share on Dec. 18, 2012 to as low as $26.06 per share on Dec. 24, 2012.

May 08, 2012 (Shareholders Foundation) -- An investigation on behalf of investors in Herbalife Ltd. (NYSE:HLF) shares over potential securities laws violations by certain officers and directors at Herbalife Ltd. in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Herbalife Ltd. (NYSE:HLF) concerning whether the company, certain of its officers and directors, or others have possibly violated federal securities laws. Specifically, the investigation concerns whether certain statements about Herbalife business, its prospects and its operations were potentially materially false and misleading at the time they were made.

Herbalife Ltd. reported that its annual Revenue rose from $2.32billion in 2009 to $3.45billion in 2011 and its Net Income increased from $203.35million to $412.58million, respectively.

Shares of Herbalife Ltd. (NYSE:HLF) rose since its 2:1 split on May 18, 2011 from $52.04 per share on May 20, 2011 to $72.23 per share on April 27, 2012.

Then on April 30, 2012, Herbalife Ltd. announced its first quarter 2012 results and raised its 2012 earnings guidance.

On May 1, 2012, Herbalife Ltd. hosted a conference call to discuss its recent financial results and provide an update on current business trends. Hedge-fund manager David Einhorn, among other things, asked why Herbalife Ltd has stopped providing information about distributors in its SEC filings. On a conference call with analysts and investors David Einhorn queried Herbalife Ltd executives about the companys distributors.

NYSE:HLF shares fell from $70.32 on April 30, 2012 to $52.21 per share during May 1 and closed on May 2, 2012 at $52.72 per share.