Herbalife Faces Investigations From DOJ, FBI

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April 11 (Bloomberg) –- Bloomberg’s Trish Regan, Matt Miller and Julie Hyman report on Herbalife being investigated by the DOJ and the FBI because of their marketing practices on Bloomberg Television’s “Street Smart.” (Source: Bloomberg)

Under 4000 is the closing mark therefore the nasdaq index.

A big move out of some of those big momentum names as of late, and this is obviously catching up with the index.

We want to get additional context on today's market news, but first, the criminal probe we were talking about with herbalife, the doj, and the fbi now investigating.

This comes on the heels of the ftc investigation.

This company having a lot of scrutiny right now.

A lot of scrutiny, and all the added scrutiny we are talking about is not good news for the stock.

We saw headlines starting to come out.

We first reported in "the financial times" and the stock plunged and ended up wishing lower by 14%. there's a lot of concern here, even though at this point, these are just probes.

We do not know what the outcome will be, whether there is indeed wrongdoing at the company, but even the fact that bill ackman or anyone else who has been pushing for an investigation for the company has been successful even to this extent is seen as bad news.

In after hours, it looks like the company -- there we go, intraday chart.

Some investors may have known before the announcement.

We are talking about the headlines, the time the headline hit.

It has taken a bit of a turn

This text has been automatically generated. It may not be 100% accurate.


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