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  "documentTitle": "Herbalife, Ltd. (HLF)",
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  "authorName": "William Ackman",
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      "text": "Amway’s buyback policy was an important consideration in the court’s decision that Amway was not a pyramid scheme; however, courts have later clarified that the policy must be effective and enforced to be a relevant defense",
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      "text": "Webster v. Omnitrition, 79 F.3d 776, 784 (9th Cir. 1999).",
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      "text": "Omnitrition misreads Amway as holding that any “multi level marketing” program employing policies like Amway's is not a pyramid scheme as a matter of law. That was not the FTC's holding. The FTC held that Amway was not a pyramid scheme as a matter of fact because its policies were enforced and were effective in encouraging retail sales. This ruling does not help Omnitrition at the summary judgment stage.",
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      "text": "Omnitrition misreads Amway as holding that any “multi level marketing” program employing policies like Amway’s is not a pyramid scheme as a matter of law. That was not the FTC's holding. The FTC held that Amway was not a pyramid scheme as a matter of fact because its policies were enforced and were effective in encouraging retail sales. This ruling does not help Omnitrition at the summary judgment stage. — Webster v. Omnitrition, 79 F.3d 776, 784 (9th Cir. 1999).",
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      "text": "Existence Of a Buyback Policy Is Not a Safe Harbor",
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