ABC News Exposes Herbalife (HLF) Fraud - Pershing Square

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Go back to ABC News Exposes Herbalife (HLF) Fraud - Pershing Square

Herbalife (HLF) Questions Ackman's Campaign Following ABC News Report

April 24, 2014 6:38 AM EDT

Herbalife (NYSE: HLF) issued the following statement regarding a recent report from ABC News:

-- ABC News has revealed new information regarding Bill Ackmans, Founder and CEO of Pershing Square Capital, unprecedented $1 billion campaign to manipulate Herbalifes stock to the detriment of Herbalifes shareholders, customers and employees. Mr. Ackmans campaign, part of which was uncovered by ABC News, is losing its credibility with each passing day.

-- The previously unreported information includes confirmation that Mr. Ackman has spent more than $20 million to date on his campaign. This includes a... More