February 15, 2013 at 11:08 AM EST
Stocks Trending on News: HLF, FSLR, KGC, ZIP
Los Angelas, CA -- (SBWIRE) -- 02/15/2013 -- Herbalife Ltd. (NYSE:HLF) stock gained 5.14% to $38.27. The New York Post recently reported the company was the subject of a law-enforcement probe and the target of multiple complaints filed with the Federal Trade Commission. Herbalife, which hedge fund manager Bill Ackman has said uses inflated pricing, misleading sales information and a complicated incentive structure to hide a pyramid scheme, is the subject of a law-enforcement investigation, the New York Post reported today, citing documents it received from the FTC. The Post also said the FTC provided 729 pages of complaints against the company in response to a Freedom of Information Law request.
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