GNC, Herbalife Plunge On Reports Of DOJ Action

November 17, 2015 7:03 PM

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GNC, Herbalife Plunge On Reports Of DOJ Action

GNC (NYSE:GNC) and Herbalife (NYSE:HLF) fell sharply Tuesday on reports that the Justice Department will take legal action against as-yet unnamed supplement companies.

A DOJ press conference is scheduled for 3:30 p.m. ET, and the agency is expected to announce criminal and civil action against the advertising and sale of supplements.

Also read: EU Starts Legal Action Against 4 States Over VW Emissions

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