U.S. District Judge Dale Fischer in Los Angeles, who dismissed a version of the complaint in March, said on Tuesday the Oklahoma Firefighters Pension and Retirement System did not show the defendants defrauded shareholders by concealing the company's inability to track retail sales. The judge also said that CEO Michael Johnson's reducing his Herbalife stake by a net 12 percent over roughly one year, while "undeniably large," did not raise suspicions, nor did disclosures that top executives expected "some form of disciplinary action" over the company's business practices. "Herbalife openly disclosed that it was susceptible to legal challenge precisely because its practices occupy the gray area between legitimate multi-level marketing company and illegal pyramid scheme," Fischer wrote.
The search for two 14-year-old boys from Florida who went missing while on a fishing trip in the Atlantic Ocean entered a sixth day on Wednesday, with the U.S. Coast Guard saying there was still a chance they may survive their ordeal. Authorities are looking for the boys as far north as Charleston, South Carolina, in an area that extends 100 miles offshore, having expanded the search zone on the basis of Atlantic Ocean currents. Charleston is more than 500 miles north of where Austin Stephanos and Perry Cohen launched their boat in Jupiter on Friday.
A Texas House of Representative committee plans to meet on Thursday to look into conditions that led to the death of Sandra Bland, a black motorist whose apparent suicide in jail has raised questions about what role race played in her treatment. Texas Department of Public Safety Director Steve McCraw and a county sheriff who has been a critic of inadequate jail facilities were expected to testify at the Texas House Committee of County Affairs hearing. "This isn't to beat up on somebody," state Representative and committee chairman Garnet Coleman was quoted as saying by broadcaster KHOU.
TOLEDO, Ohio (AP) — In a story July 28 about toxins in lakes, The Associated Press reported erroneously on the affiliation of Milt Miller. He is restoration manager for Grand Lake St. Marys, not Lake Erie.