CITIC Capital RICO Conspiracy GNC Shareholders’ Complaint

September 20, 2021

This class action is brought by minority shareholders in GNC Holdings, Inc. The complaint alleges that “a number of state-owned Chinese corporations and individuals, GNC’s Board of Directors and senior management, certain [of] GNC’s secured lenders and financial advisor” who have conspired “to enrich themselves at the expense” of other shareholders through dishonest actions that include “racketeering activities, conspiracy, fraud, breach of fiduciary duty, negligence, and conversion.”