Ackman's views on Herbalife inaccurate, says DA Davidson After investor Bill Ackman disclosed a large short interest in Herbalife and presented evidence which he said shows that the company is a pyramid scheme, DA Davidson asserts that there is real demand for the company's product. The firm doesn't agree with Ackman's claim that the company is a pyramid scheme which will collapse and it maintains a Buy rating on the shares.
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Herbalife near settlement with former distributors, NY Post says Herbalife is close to reaching a settlement with five former distributors that allege the nutrition company is a pyramid scheme and has victimized thousands, says the NY Post. Reference Link