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Gnc Responds To Claims By Oregon Attorney General

The following excerpt is from the company's SEC filing.

PITTSBURGH--October 23, 2015--GNC Holdings, Inc. (NYSE:GNC), a leading global specialty retailer of health and wellness products, announced today that it has filed a motion to remove to Federal Court the lawsuit filed against it by the Oregon Attorney General. In making the filing the company issued the following statement:

“GNC believes that the lawsuit filed by the Oregon Attorney General is without merit, and the Company intends to defend itself vigorously against this unfair action.

Regrettably, despite our best efforts, we were unable to reach an agreement with the Oregon Attorney General. A s a next step, the Company filed today to have the action moved to Federal court. Products sold by GNC are regulated by the U.S. Food and Drug Administration. GNC’s vendors certify that they are in full compliance with the Food, Drug and Cosmetic Act (FDC Act), and to guarantee that their products meet all applicable Federal and state laws.

Consistent with retail standard practice, GNC has appropriately relied on the guarantees of suppliers that their products are lawful. This is a basic tenet of retail sales and is recognized in federal law in the FDC Act and what is known nationally as the “FDA Guarantee.” GNC is contractually entitled to indemnification by its third-party vendors related to these guarantees and requires appropriate levels of third party vendor insurance.

GNC takes the quality of its products and compliance by third parties seriously, and the Company takes...