UPDATE 1-Herbalife rebuts lead claims, says no safety issues

by louabbott on June 8, 2008

Reuters – June 8, 2008

Herbalife Ltd said on Sunday that independent lab tests have confirmed its products do not contain lead levels that would require labeling under a California law, disputing a prior complaint by a critic of the dietary supplement company.

In the complaint, Fraud Discovery Institute, citing two FDA registered independent labs tests, asserted that at least six dietary supplements sold by Herbalife contain dangerous amounts of lead if taken in recommended dosages and exceed requirements for disclosure under California Safe Drinking Water and Toxic Enforcement Act’s Proposition 65.

In Sunday’s response to the claims, Herbalife said the institute’s information was “inaccurate and misleading.”

“There was never any health or safety issue with Herbalife products,” the company said in an e-mailed statement.

Barry Minkow, who founded the institute, recently sent his complaint about Herbalife’s products to California’s Department of Public Health (DPH).

Minkow has $50,000 invested in Herbalife “put” options, betting that the company’s shares will fall. He has also served more than seven years in jail for stock fraud.

Read the entire article at Reuters

Also, read our company overview: Herbalife Facts, News and Review

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