Monday, February 4, 2013

BREAKING NEWS: Is FTC contemplating legal action against Herbalife?

Reuters reported that Herbalife may be in bigger trouble than it realizes.

According to Reuters report, New York Post filed a "freedom of information" request on FTC regarding Herbalife, and got back a 700+ page report which contains mention of ongoing investigation AND pending legal action.

A lot of documentation have been redacted thus details are not available, but the news sent Herbalife share prices down.

UPDATE: FTC said there is no pending legal action. When NYP requested clarification on why some sections were redacted an FTC staff member gave the wrong disclaimer / explanation.


Enhanced by Zemanta

No comments:

Post a Comment