Monday, February 4, 2013

Salve for shorts: Herbalife subject of ‘pending’ probe


Embattled Herbalife is feeling the heat — and this time it isn’t coming from a hedge-fund mogul.  The Los Angeles-based distributor of nutritional products is the subject of a law enforcement investigation, The NY Post has learned.

The existence of the probe emerged after the Federal Trade Commission, responding to a Freedom of Information Law request released 192 complaints filed against Herbalife over the past seven years. The FTC redacted some sections, saying it didn’t have to divulge “information obtained by the commission in a law enforcement investigation, whether through compulsory process, or voluntarily ...”

Other complaints contained a note referring to a “pending law enforcement action.” The FTC did not say whether the action was civil or criminal….

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