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Herbalife Denies Report of Regulatory Probe

Photographer | CNBC

Herbalife shares plunged Monday after a newspaper reported the seller of weight loss products is facing a law enforcement probe, which the company denied.

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.

In a statement, Herbalife disputed the Post report.

"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," the statement said. "We are demanding a correction from the NY Post."

Officials for the FTC were not immediately available to comment.

(Read More: Selling the American Dream, a CNBC Investigation)

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