Herbalife Crashes, Stock Halted After Criminal Charge By New York Prosecutors

17 months after Ackman finally capitulated on his famous Herbalife short, and 6 years after the legendary brawl between Ackman and Icahn over the fate of Herbalife, it now appears that Ackman may have been right after all, even if his timing was off.

Moments ago, Herbalife stock crashed over 12%, its biggest drop since March, and was halted after federal prosecutors in New York brought criminal charges against the health supplement maker. 

In sympathy peer companies Nuskin and Usana, both tumbled on the Herbalife news.

According to Bloomberg, prosecutors unsealed an indictment Friday in federal court in Manhattan. Details of the charges were not immediately available.

More as we get it.