Oregon Files Claims Against GNC For Selling Supplements With Illegal Ingredients

(RTTNews) - GNC Holdings, Inc. (GNC) stock plunged after Oregon filed lawsuit against GNC for selling nutritional and dietary supplements containing the illegal ingredients picamilon and BMPEA, not approved in U.S.

"The claims made by the Oregon attorney general are without merit and GNC intends to vigorously defend against these allegations," GNC said in a statement.

"In response to FDA statements regarding the regulatory status of BMPEA and picamilon, GNC promptly took action to remove from sale all products containing those ingredients", the company added.

GNC closed down 14.24 percent at $34.50.