""

Justice Department asks Herbalife’s member details

Justice Department asks Herbalife’s member details

Department of Justice has been asking Herbalife, a nutritional drink company about its business conduct and the members, the company informed press recently. The regulatory filings for latest financial output have been submitted. The filing says,” The Justice Department has ordered the company to produce information regarding its members and other officials. It is to clarify the allegations about the ethical business conduct on the company managements and its members.”

The company submitted a statement to private broadcaster CNBC last month and confirmed the federal criminal investigation against the company. There was not a single world about the DoJ inquiry into the matter in a statement released last month. Billionaire Bill Ackman has been accused of stock manipulations and investigators are looking into the same matter, informed the statement.  Allegedly, Mr. Ackman was trying to obtain profit from the company’s stock decline.

Julian Cacchioli, Spokesman, Herbalife cleared the air and informed that this is regarding the same criminal investigation which was reported in April and the Justice Department is looking into the matter now as it is one of the federal regulator. The company is booming on the Chinese stock markets, which has been a ray of hope during this investigation, but overall revenue of the company has been decreased.  Sales in China increased by 21 percent in last three months and the market value of the same are around $164.2 million. The share value increased by 15 percent ($5.91).  Each Herbalife share costs $46 in China today. The profit expectations have been increased due to phenomenal growth in China. 

 

THE LATEST ARTICLES

Going vegetarian may help cure acid reflux

Acid reflux or heartburn is a common problem and even more so for pregnant women. The burning sensation feels uncomfortable, specifically if you can taste the acids at the back of your throat. Sometimes this can really be troubling if you can’t breathe and the burning sensation is painful. So…

How Can Lunches Be Made to Improve Employee Productivity?

It has been observed that there are companies that fail to include nutrition in their wellness programs for their employees. Employers spend a lot of time and effort in improving their business procedures to make their staff work faster and more efficient. Company owners want fast results from their…

Five essential minerals and where to find them

Your body needs minerals to function properly. They are essential and you need to include them in your diet since the body cannot produce them naturally. The deficiency of essential minerals may cause chronic disease as well as an excess of them. The following are five essential minerals that you…

Snack Mixes that Perk Your Energy during the Day

During the day, you have to perform a number of activities either at home or sitting in your office. For every movement an activity, your body burns calories. It is up to you that how you fulfil the dietary needs of your body. Between meals, a good alternative is to snack on something satisfying but…

The “Better Choices Concept” to Dieting

The premise of this concept is actually pretty simple. It states that if there is a snack you love, there are several other options that are just as delicious and nutritious but with much fewer calories. In the exact words: “For every food that you eat, there are likely to be other equally…

Exercise therapy can reduce surgical knee repairs

The menisci are the shock absorbers in the knees and provide a cushion between the shinbone and the thighbone. Severe traumas can result in the rupture of a meniscus, which might lead to surgery. However, many professionals agree that some surgical knee repairs are unnecessary. This is due to a…

World Health Organization Recommends Fitness Regime for 18-65 Year Olds

Conforming to the World Health Organization's "Global Recommendations on Physical Activity for Health" program, this specialized United Nations agency came up with a set of fitness recommendations for three age groups. These are comprised of 5-17 year-olds, 18-64 year-old and 65 years…

Potbellies more dangerous than obesity

We have been led to believe that people who are not obese are healthy. A person can be unhealthy even if they are not obese. Recent research indicates that people who have potbellies are unhealthier than those people who are obese. The Body Mass Index, or BMI, has been used as a method to determine…

What is Circuit fitness and its advantages?

Fitness exercise is one of the most beneficial forms of exercise that you can practice. Many people around the world choose to do fitness every day or at least a few times per week. If you are passionate about this, you might consider taking things to the next level; Circuit fitness is a challenge…

A pilates workout

Developed by Joseph Pilates, the workout focuses on balancing the body using core exercises, flexibility and increased awareness of how the body moves. This increases the efficiency of the graceful way in which the body moves naturally. What makes Pilates one of the most popular exercise routines is…