Herbalife Defends Practices On New Website

Mar 27 2014 | 11:56am ET

Nutritional supplements company Herbalife has countered Pershing Square Capital Management’s web site about it with one of its own.

Pershing Square has a $1 billion short bet against Herbalife, which it claims is a pyramid scheme. Last month, the hedge fund’s founder, William Ackman, announced a new website, herbalifepyramidscheme.com, profiling Herbalife’s top distributors. Pershing Square also runs another website, factsaboutherbalife.com, which debuted in December 2012, when Ackman announced the hedge fund’s short.

This week, Herbalife parried, launching iamherbalife.com. The new website features dozens of testimonials from users of its products, and calls Ackman’s allegations misleading. The company, which faces a Federal Trade Commission probe, insists on its site that it is a “legitimate multi-level marketing company.”


In Depth

Q&A: Old Hill's Stone On Private Debt, P2P And Credit Bubbles

Jun 6 2017 | 7:52pm ET

While institutional capital continues to flow into the broader private debt sector...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: Asia-Focused Hedge Funds Offer Great Opportunities

Jun 23 2017 | 3:33pm ET

Emerging market strategies have outperformed their developed-market peers for five...

 
Error

From the current issue of