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.




See

http://www.reuters.com/article/2013/02/04/us-herbalife-shares-idUSBRE9130HR20130204

http://www.nypost.com/p/news/business/salve_for_shorts_zBEIXePUI1oSoeMkv4WFQK

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