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NEW YORK -- Herbalife stock fell more than 6% after the New York Post reported the company was subject to an unspecified law-enforcement investigation.
In early trading on Wall Street, Herbalife shares lost $2.25, or 6.42%, to $32.82. Herbalife's stock is off 44% from where it was a year ago.
The Post cited documents the newspaper obtained through a Freedom of Information Act request from the Federal Trade Commission.
According to the Post, the FTC cited "pending law-enforcement action" and withheld some information the Post requested about Herbalife. The newspaper said the FTC released 729 pages of complaints against Herbalife.
An FTC spokesman did not immediately return a request for comment early Monday.
Herbalife has been on the defensive ever since New York hedge fund manager Bill Ackman declared the company a pyramid scheme in late December.
Ackman announced a $1 billion short position against the company, a so-called multi-level marketing firm that sells vitamins and nutritional supplements and foods.
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Herbalife stock falls 6% on report of law-enforcement investigation
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Herbalife stock falls 6% on report of law-enforcement investigation
