Herbalife International Inc

The widow of Herbalife founder Mark Hughes will receive $20 million as part of a settlement. Darcy LaPier Hughes, a 35-year-old former Hawaiian Tropic model, will receive $19 million from Hughes' estate and another $1 million when she moves out of the couple's 2.5-acre estate in Beverly Hills, Superior Court Judge Gary Klausner ruled Wednesday. Hughes died last May at age 44 from an accidental combination of the antidepressant doxepin and alcohol, according to toxicology tests.

The death of Herbalife International founder Mark Hughes in May following a drinking binge has triggered a series of bizarre allegations about the key executives who helped the charismatic salesman build one of the nation's biggest dietary supplement sellers. Since Hughes' death at age 44, lawsuits between the executives within his closest circle expose a tale of revenge, an executive with a shoplifting arrest and sexual harassment allegations.

Global Health Sciences Inc., a dietary and nutritional health supplement manufacturer, defaulted Wednesday on $257.8 million of debt after failing to make a scheduled $12.4-million interest payment to bondholders. The default came after the Orange-based company lost much of its business supplying Herbalife International Inc. following the sudden death of Herbalife founder Mark Hughes in May.

Dietary and nutritional health supplement manufacturer Global Health Sciences Inc. defaulted on $257.8 million of debt Wednesday after failing to make a scheduled $12.4-million interest payment to bondholders. Global, which has 1,300 permanent and temporary workers at plants in Orange and Anaheim, said it is negotiating with its bondholders. For now, Global will operate on a "business-as-usual basis," according to a company statement. But its future remained clouded.

A large Southern California nutritional supplement company is in dire financial trouble after losing much of its business supplying Herbalife International Inc. after the sudden death of Herbalife founder Mark Hughes in May. Orange-based Global Health Sciences Inc. faces a Nov. 1 deadline to make a $12.4-million interest payment on $257.

The majority shareholder in Herbalife International Inc. rejected a $172.7-million offer by Rbid.com Inc. to buy its shares in the Los Angeles dietary products distributor. Less than 24 hours after the buyout bid was made public, the Mark Hughes Family Trust said in a news release that "various factors led to the conclusion that the proposal did not warrant discussion or negotiation."

The majority shareholder in Herbalife International Inc. on Tuesday rejected a $172.7-million offer by Rbid.com Inc. to buy its shares of the Los Angeles dietary products distributor. Less than 24 hours after the buyout bid was made public, the Mark Hughes Family Trust said in a press release that "various factors led to the conclusion that the proposal did not warrant discussion or negotiation." Herbalife spokesman Robert Jaffe said he did not know what the factors were.

Rbid.com Inc., a small Irvine electronic commerce company, said late Monday that it has offered to pay $172 million for a controlling stake in dietary products distributor Herbalife International Inc. Rbid.com, which picked up $210 million in financing last week, said it has extended its offer only to the Mark Hughes Family Trust, which owns nearly 54% of the Los Angeles company. Rbid.com said it would pay $10.25 a share in cash for the trust's 5.95 million Class A common shares and $9.

Rbid.com Inc., a small Irvine electronic commerce company, said late Monday that it has offered to pay $172 million for a controlling stake in dietary products distributor Herbalife International Inc. Rbid.com, which picked up $210 million in financing last week, said it has extended its offer only to the Mark Hughes Family Trust, which owns nearly 54% of the Los Angeles company. Rbid.com said it would pay $10.25 a share in cash for the trust's 5.95 million Class A common shares and $9.

Mark Hughes, founder of Herbalife International Inc., had been on a four-day drinking binge just before his death in May, according to final autopsy results released Friday by the Los Angeles County coroner's office. The cause of the 44-year-old's death had earlier been determined to be an accidental combination of alcohol and the antidepressant Doxepin, which is also prescribed for anxiety-induced sleeplessness.