Herbalife Confirms SEC Probe Into Finances

Law360, New York (February 19, 2013, 10:45 PM EST) -- Nutritional supplement company Herbalife Ltd. confirmed in a regulatory filing Tuesday that the U.S. Securities and Commission is looking into the company's financial matters, after hedge fund Third Point LLC's recent share buy sparked speculation.

Although the 10-K filing is light on details and never mentions the reason for the inquiry, Herbalife revealed that it is fielding information requests from the agency, but added that the exchange began when it reached out to the SEC.

The Cayman Islands-based company has been in the spotlight since Pershing...
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