HERBALIFE LTD has added a news release to its Investor
Relations website.
Title: Herbalife Announces Receipt of Letter from the
SEC Regarding No Enforcement Action Recommended
Date: 6/25/2008 7:32:00 PM
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LOS ANGELES--(BUSINESS WIRE)--June 25, 2008--Herbalife
Ltd.
(NYSE:HLF) announced today it has received a letter from the Los
Angeles Regional Office of the Securities and Exchange Commission
stating it has completed its investigation as to Herbalife, and it
does not intend to recommend any enforcement action be taken by the
SEC against the company.
As previously disclosed, the SEC investigation related
to the
timing of trading in Herbalife securities by a former mid-level
employee as well as the extent of personal use of Herbalife products
by the company's independent distributors and the company's related
policies and procedures. In November 2007, Herbalife voluntarily
disclosed the SEC's investigation, and over the past eight months has
cooperated fully with the SEC during the course of the
investigation.
About Herbalife Ltd.
Herbalife Ltd. is a global network marketing company
that sells
weight-management, nutrition, and personal care products intended to
support a healthy lifestyle. Herbalife products are sold in 65
countries through a network of 1.8 million independent distributors.
The company supports the Herbalife Family Foundation and its Casa
Herbalife program to bring good nutrition to children.
Please visit
Herbalife Investor Relations for additional financial
information.
CONTACT: Herbalife Ltd.
Media Contact
George Fischer, VP, Corp Comm.
310-410-9600 x32649
or
Investor Contact
Andrew Speller, VP, Investor Relations
310-410-9600 x32862
SOURCE: Herbalife Ltd.
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