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Herbalife
HLF announced it
received today a Civil Investigative Demand (CID) from the Federal Trade
Commission (FTC). In response, Herbalife issued the following statement:
Herbalife welcomes the inquiry given the tremendous amount of misinformation
in the marketplace, and will cooperate fully with the FTC. We are confident
that Herbalife is in compliance with all applicable laws and regulations.
Herbalife is a financially strong and successful company, having created
meaningful value for shareholders, significant opportunities for
distributors and positively impacted the lives and health of its consumers
for over 34 years.
Herbalife does not intend to make any additional comments regarding this
matter unless and until there are material developments.
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