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Go back to Market Wrap: Housing Starts Slip, Still Impressive; Herbalife's Unwated Attention; GM Buys, Shares Rise!; Sirius' New Leader

Herbalife (HLF) Gets Ack-Attacked

December 20, 2012 3:51 PM EST

Hedge fund guru Bill Ackman of Pershing Square Capital has sunk his teeth into multi-level-marketing (MLM) company Herbalife (NYSE: HLF). Mr. Ackman disclosed he was short the stock on Wednesday, ahead of a presentation at today's Ira Sohn conference. At the conference, Mr. Ackman and two of his employees laid out a relentless, three-hour long attack on the company, which he calls a "pyramid scheme."

Shares of Herbalife, which were down... More