Direct reporting network Beijing March 4th news (direct selling 100) launched by the new shareholders of a lawsuit against the company, recently seems to be able to draw a successful conclusion. When it comes to the class action suit, the earliest can be traced back to February 2014, a large number of shareholders accusing it of on the legitimacy of the Chinese business to shareholders to mislead, then Chinese media began to disclose such as pyramid schemes involving the reports, relevant departments began to intervene in the investigation and evidence collection, in addition to a fine of $781000. In the past two years, the collective action is also quietly staged, recently reached a final settlement of $47 million. However, these payments are paid by the new insurance company, such as new in the document that the incident did not affect the profit statements of the year.

In addition, the company said that the settlement agreement shall be approved by the court, the final results may be announced in mid 2016.

More than two years of class action lawsuit finally in the settlement agreement flagged down the curtain, the incident would not affect the new global business operations is still unknown.

However, China's public relations crisis is obvious, the profit slump 63% is the best proof. Is said to the securities and Exchange Commission in the United States participated in the new China involved in mass survey, and grasp the relevant evidence, but this is way down the line, also the company recently in Japan because of the customs also faces fines of $32 million. 3

(original title: the case of the new shareholders amounted to 47 million US dollars to the settlement of the results announced in the year)

Responsibility editor: dust wind

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