|Company Name||Herbalife, Ltd.|
On June 5, 2017 various news sources revealed that the Company’s general counsel, Mark Friedman, no longer holds the position. Mr. Friedman was the Herbalife executive involved in the Company’s settlement with U.S. regulators where Herbalife agreed to pay $200 million to settle charges that it deceived customers. The Company also announced today, poor operating results in connection with stronger regulations concerning its promotional practices.
On this news, shares of Herbalife fell over 7% per share during intraday trading on June 5, 2017.
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