WebMD’s Outlook Improves on Sales and Herbalife Denies Awareness of Criminal Probe
Herbalife Ltd. (NYSE: HLF) announced that it has “no knowledge of any ongoing investigation by the DOJ or the FBI” and that it has “not received any formal nor informal request for information from either agency.” Recently Herbalife was in the middle of reports claiming that the Department of Justice and the Federal Bureau of Investigation were investigating Herbalife in relation to allegations made by hedge fund manager Bill Ackman. Herbalife Ltd., a nutrition company, sells weight management, healthy meals and snacks, sports and fitness, energy and targeted nutritional products, and