Skip to main content

Axed Trustees Of Herbalife Founder's Estate Still Fired

A California appeals court on Monday upheld the removal of three trustees from the estate of Herbalife Ltd. founder Mark Hughes for breach of trust and gross negligence epitomized by the botched sale of 157 acres of land in Beverly Hills that exposed the trust to millions in litigation costs.


An attorney for Hughes told Law360 on Monday they were pleased with the decision.

"The beneficiary is very pleased that this chapter in his life now is closed, that the positions taken by him and his guardian before him have been vindicated, and that his trust now will be administered by a faithful fiduciary in the manner contemplated by his father," said Eric V. Rowen of Greenberg Traurig LLP.

Continue reading via the View Media link.