date:Jul 23, 2014
t the company, saying it misleads distributors, misrepresents sales figures and sells a commodity product at inflated prices. US regulators and law enforcement also are investigating allegations that the business is a pyramid scheme.
Stock Decline
Herbalifes stock fell 11 per cent to $54.02 yesterday, marking the biggest decline since April 11. The shares have tumbled 31 per cent this year. Herbalife shares traded at the equivalent of $54.01 at 10 a.m. in Frankfurt in trading of 573 shares.
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