Herbalife rejects report on FTC investigation
SAN FRANCISCO (MarketWatch) -- Herbalife Ltd. HLF -2.85% on Monday denied a report in the New York Post that it is under investigation by the Federal Trade Commission. "Other than the voluntary dialogue with regulators, which we communicated on our January investor day, we are unaware of any other regulatory interest and/or investigation. We are demanding a correction from the NY Post," said the company in a statement. The nutrition supplement company also said that "for a direct selling company" of its size, the number of complaints to the FTC is "relatively low." The comment is in response to the NY Post article which claimed that the FTC received 192 complaints against Herbalife over the past seven years. Shares of Herbalife are down 3% to $34 at last check after narrowing earlier losses. |
发表于 2013-2-4 14:36
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