Short Seller Sues Banks, Icahn Over Support of Herbalife (HLF) (BAC) (JPM)
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Ackman Breathes Easier as Major Consumer Group Calls for FTC Investigation of Herbalife (HLF)
March 12, 2013 10:34 PM EDTDespite Carl Icahn continuing to accumulate shares of Herbalife (NYSE: HLF) in an attempt to create a short squeeze, hedge fund manager Bill Ackman of Pershing Square Capital will be able to sleep a little better tonight knowing that a major consumer protection organization is calling for an FTC investigation of the company.
The National Consumers League (NCL) today urged the Federal Trade Commission (FTC) to investigate recent allegations from Pershing Square that... More
Icahn Continues Loading Up on Shares of Herbalife (HLF)
March 12, 2013 5:41 PM EDTIn SEC filings dated March 8th, activist investor Carl Icahn announced he added 322,716 shares to his significant holdings in disputed stock Herbalife (NYSE: HLF). The latest purchase takes Icahn's total holdings to 16,355,131 shares, or approximately 15.9 percent stake in the company.... More
Herbalife (HLF) Cuts Ties With Online Recruitment Sites in Effort to Thwart Ackman
March 12, 2013 7:27 AM EDTLooking to shed the "pyramid scheme" moniker, Herbalife (NYSE: HLF) is said to be severing ties with online recruiters which have been called "questionable" in the past.
According to the NY Post, Herbalife is trimming its approved online recruiter list from something in... More
Herbalife (HLF) Short Interest Falls Further Through the End of February
March 12, 2013 6:29 AM EDTHerbalife (NYSE: HLF) is lower Tuesday following an update to short positions on its common stock.
Short interest fell 3.5 percent from the middle through end of February to 32.43 million shares, or 31.97 percent of float. The data is in addition to a 1.72... More
