Herbalife (HLF) -13.8% premarket, as the NYPost reports the company is now under official...

Herbalife (HLF) -13.8% premarket, as the NYPost reports the company is now under official investigation. Releasing 192 complaints filed against Herbalife over the past 7 years, the FTC redacted some sections, saying it didn't have to divulge information obtained through a law enforcement investigation.

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Comments (9)
  • C Michael Croston
    , contributor
    Comments (203) | Send Message
    This looks like the same "pending investigation" that Bill Ackman released in December. The complaints date back to 2001...
    4 Feb 2013, 08:24 AM Reply Like
  • User 509088
    , contributor
    Comments (1769) | Send Message
    interesting- the post rather than the journal.
    4 Feb 2013, 08:35 AM Reply Like
  • Colibrisa
    , contributor
    Comments (11) | Send Message
    Yea, the post is the interesting part. This is old news, what you will see is that virtually all of the complaints are settled, are minor issues, some if not many, are actually based against individual distributors and of course herbalife corporate gets named in the complaint as well. Most importantly, do the math; over an 11 year period, how many complaints do you imagine have been filed against Walmart, American Airlines, Microsoft, Apple, GNC, etc just to name a few...... Sorry Bill, the only way Herbalife stock will go to zero is to take it private, whcih might be the best idea......
    4 Feb 2013, 08:42 AM Reply Like
  • C Michael Croston
    , contributor
    Comments (203) | Send Message
    I guess the story is that the Post applied for the complaints 6 days after Ackman did his presentation to see if a multitude of complaints came in. What is funny is that they stated the "massive" number of pages instead of focusing on the number of complaints, which I estimate being about 4:1. How much of our tax money is being wasted on these goose chases?
    4 Feb 2013, 09:21 AM Reply Like
  • Austin Wentzlaff
    , contributor
    Comments (94) | Send Message
    192 complaints in 7 years. And they do business with over 10 Million customers. That sounds like a pretty outstanding statistic for Herbalife. The stock should be going up for their ability to satisfy customers not down because 192 people out of 10 Million are dissatisfied.
    4 Feb 2013, 10:26 AM Reply Like
  • TwistTie
    , contributor
    Comments (2429) | Send Message
    Absolutely fascinating.
    4 Feb 2013, 10:39 AM Reply Like
  • idkmybffjill
    , contributor
    Comments (1919) | Send Message
    Icahn should put his money where his mouth is and trigger a short squeeze. He could easily even buy up all of HLF and still have quite a few billion leftover in his net worth.
    4 Feb 2013, 11:08 AM Reply Like
  • Whitehawk
    , contributor
    Comments (3121) | Send Message
    NYPost? He he (again).
    Don't promote rumors for profit.
    4 Feb 2013, 12:10 PM Reply Like
  • presidentasp
    , contributor
    Comments (90) | Send Message
    All you need to know is that it's the POST. Probably paid advertising. I wonder who might have paid them to run this story???????????????
    4 Feb 2013, 12:35 PM Reply Like
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