Assignment 1 Company Selection
1. I have been assigned to pick Herblife as the company.
2. Risk Event Description: The SEC announced on Aug 28, 2020 that Herbalife Nutrition Ltd. has agreed to pay more than $67 million for violating the books and records and internal accounting controls provisions of the Foreign Corrupt Practices Act (FCPA). The U.S. Department of Justice and the U.S. Attorney’s Office for the Southern District of New York also announced that Herbalife agreed to pay a criminal fine of more than $55 million for a total of more than $123 million paid in both actions.