Monday, October 6, 2014

Herbalife Ltd. Hires Ex FTC Regulator As Compliance Chief

10:01 PM Posted by Unknown No comments

Shares of Herbalife Ltd. edged upward by as much as 3% in premarket trading this morning

Herbalife Ltd. (NYSE:HLF) is furthering its fight against allegations made by activist investor Bill Ackman. He has been chipping away at the company’s credibility and business model for nearly two years now. Ackman has called Herbalife a pyramid scheme and said that the company’s distributors do not comply with laws governing multi-level marketing companies.

He has been trying to shut down the company, accusing it also of misrepresenting sales numbers and inflating prices for commodity products. Officials are investigating Ackman’s allegations.

view-source: ValueWalk


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