FTC Disturbed by Herbalife (HLF) Practices; No Official Probe Launched
Tweet
Share
E-mailGet Alerts HLF Hot Sheet
Price: $13.11 +0.92%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1.8%
Revenue Growth %: +4.0%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1.8%
Revenue Growth %: +4.0%
Join SI Premium – FREE
Herbalife (NYSE: HLF) is down about 2 percent Wednesday morning following the company meeting with the Federal Trade Commission (FTC) earlier this week.
According to the NY Post, the FTC told advocate groups that its found Herbalife's practices
One rep with an advocate said the FTC might find it difficult to launch a probe solely into Herbalife.
FTC officials were particularly bothered by the amount of Hispanic distributors, said to account for up to 65 percent of the total, according to the company itself. Advocate groups believe the vast majority of distributors lose money.
According to the NY Post, the FTC told advocate groups that its found Herbalife's practices
disturbingand would look into the company. However, it wasn't confirmed whether or not the regulator launched a full-scale probe into Herbalife yet.
One rep with an advocate said the FTC might find it difficult to launch a probe solely into Herbalife.
FTC officials were particularly bothered by the amount of Hispanic distributors, said to account for up to 65 percent of the total, according to the company itself. Advocate groups believe the vast majority of distributors lose money.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Herbalife to Announce Second Quarter 2026 Results on August 5
- Radoff-Jumana Group pushes for board change at Genesco
- SEGG Media sues short seller for $20M over stock report
Create E-mail Alert Related Categories
Hedge Funds, Insiders' Blog, LitigationSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
