GNC Investors Double Down In Illegal Supplements Suit
Law360, New York (June 21, 2016, 2:40 PM EDT) -- Investors involved in a securities lawsuit alleging GNC misled them just before a stock drop told a Pennsylvania federal judge on Monday that the company knowingly marketed adulterated and illegal supplements even though it assured them it maintained strict standards and quality controls over its products.
The plaintiffs asked the judge to deny GNC's motion to dismiss the proposed class action, which it said in May relied on unproven allegations by Oregon Attorney General Ellen Rosenblum that GNC knowingly sold dangerous products. GNC said in 2011 it had replaced products that contained the drug dimethylamylamine (DMAA) after the FDA warned supplement companies not to...
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