Source: Insurance News Net 10/8/2007

Judge Approves Metabolife Liquidation Plan

A judge has confirmed the liquidation plan for Metabolife International Inc. that features a $55.8 million global settlement with various creditors that have filed ephedra-related claims against the bankrupt supplement maker.

The settlement resolves 257 ephedra claims not covered by Metabolife's insurers. About $1.5 billion in ephedra claims were filed against the company, the company said in its liquidation plan.

Metabolife and its shareholders, including three of its owners, will provide $21.1 million to the settlement.

The rest of the contributing parties, including the debtor's insurers and retailers that sold Metabolife's ephedra products, will provide the remaining $34.7 million, according to the plan.


Related News

  • Michael Ellis Releases Metabolife Book
    "The Metabolife Story: The Rape of Cinderella" ( represents author and former CEO Michael Ellis' detailed account of the rise and eventual fall of Metabolife, one of the most successful, yet unfairly characterized dietary supplement companies in history. This book finally rev...  Read More...
  • Metabolife Dieting Press Release
    Holding on to unhealthy fat after an initialweight loss happens to everyone. Even top celebrities' recurring battlewith weight has been well documented in the press. This yo-yo tendencymakes the self promise to lose weight one of the top New Year's pledges andkeeps gyms in business when resoluteness...  Read More...
  • Metabolife in Newsweek
    So you're feeling a little thick around the middle and you've heard enough about abstinence and exercise. Wouldn't it be nice if you could pop a pill, stretch out in the BarcaLounger and incinerate calories like a long-distance runner? That's the idea behind a hot herbal supplement called Metabolife...  Read More...
  • Metabolife Launches Two Stage Weight Management Program
    Metabolife, a weight management industry pioneer that successfully helped millions of people lose weight, is back on shelves with a new two-stage supplement program and online support services. The program includes the newly reformulated flagship Metabolife Ultra which is based on clinically-tested ...  Read More...



New Companies on Npros

Receive News and
Updates from

 Send me news updates
 Send me New Companies

RSS Npros News Feed