Go Symbol Lookup
Loading...

Herbalife shares sink after report of law enforcement probe

 Text Size  
Published: Monday, 4 Feb 2013 | 8:16 AM ET

Feb 4 (Reuters) - Herbalife Ltd shares fell more than 13 percent in premarket trading on Monday after a newspaper reported the seller of weight loss products is facing a law enforcement probe.

The New York Post reported it obtained documents from the U.S. Federal Trade Commission that mentioned a "law enforcement investigation" and "pending law enforcement action." The newspaper said the FTC did not say whether the action was civil or criminal.

Officials for Herbalife and the FTC were not immediately available to comment.

Herbalife shares fell to $30.36 premarket from their close on Friday at $35.07 on the New York Stock Exchange.

(Reporting by Martinne Geller in New York; Editing by Jeffrey Benkoe)

 Print
Feb 4- Herbalife Ltd shares fell more than 13 percent in premarket trading on Monday after a newspaper reported the seller of weight loss products is facing a law enforcement probe. Officials for Herbalife and the FTC were not immediately available to comment.
  Price   Change %Change
HLF ---

   
Comments

 

More Comments

 
 

Add Comments

 

Your Comments (Up to 1100 characters):

Remaining characters

Your comments have not been posted yet.

Please review your submission to make sure you are comfortable with your entry.

Your Comments: