FTC To Investigate Herbalife Pyramid-Scheme Claims

Law360, Washington (March 12, 2014, 3:44 PM EDT) -- The Federal Trade Commission has launched a civil inquiry into nutrition and weight-loss company Herbalife Ltd.'s business practices after receiving several accusations that it was operating a pyramid scheme, the company said Wednesday.

Herbalife noted that it had received the FTC's civil investigative demand, but declined to elaborate on the probe in its short statement, except to blast the “misinformation in the marketplace” surrounding its activities.

“Herbalife welcomes the inquiry given the tremendous amount of misinformation in the marketplace, and will cooperate fully with the FTC,” the...
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