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Stock Market & Financial Investment News

News Breaks
March 25, 2014
12:31 EDTHLFHerbalife announces public awareness website
Herbalife announced a new website designed to highlight the positive impact Herbalife has had on the lives of the company’s members and customers. The site also addresses misperceptions that have been put into the market about its business model. The website is called iamherbalife.com and chronicles stories of people from across the United States whose lives have been improved through Herbalife’s products or the opportunity for financial empowerment. The company said the website also, "shines a light on the truth behind the allegations made by Pershing Square and the extraordinary lengths they have gone to in order to achieve their goal of driving down Herbalife’s stock price for financial gain."
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May 19, 2015
12:16 EDTHLFFTC, states charge four cancer charities as shams
The Federal Trade Commission and 58 law enforcement partners from every state and the District of Columbia have charged four sham cancer charities and their operators with bilking more than $187M from consumers. Named in the federal court complaint are Cancer Fund of America, Cancer Support Services, Children’s Cancer Fund of America and The Breast Cancer Society. Shares of Herbalife (HLF) and Lumber Liquidators (LL) weakened intraday yesterday as speculation circulated about whether either of the companies would be the target of the FTC's announcement today.
May 18, 2015
12:12 EDTHLFHerbalife dips after FTC says to announce 'major consumer fraud' case
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May 14, 2015
19:47 EDTHLFHerbalife responds to court's final approval of class action settlement
Herbalife issued the following statement: “Herbalife welcomes the decision by the U.S. District Court for the Central District of California to grant final approval of the class action settlement in the matter of Dana Bostick v. Herbalife International of America Inc et al. As we have consistently stated, we believe that the settlement is fair, reasonable and adequate to class members, and we note the court found that the low number of claimants was not surprising in light of the substantial survey results indicating that most people join Herbalife to become discount consumers of our products."
May 12, 2015
18:47 EDTHLFCasino union requests Herbalife investigation, Reuters says
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