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Stock Market & Financial Investment News

News Breaks
January 10, 2013
13:35 EDTHLFAckman's Pershing Square responds to Herbalife investor meeting
William Ackman, CEO of Pershing Square Capital Management said, "In advance of today's analyst day, Herbalife (HLF) promised to provide a detailed refutation of each of the facts that we enumerated in our December 20th presentation. Instead, the company distorted, mischaracterized, and outright ignored large portions of our presentation. For example, Herbalife did not respond to our identification of overstatements and inaccuracies in the company's earnings statement for distributors, which among other deceptions, excludes the 93% of distributors that have zero gross earnings. In today's presentation, Herbalife offered the opportunity for 'anyone' to ask questions of Herbalife so its business can be better understood. Pershing Square will be publicly releasing a detailed series of questions that will assist investors, regulators, distributors, and other interested parties in understanding the truth about Herbalife. Thereafter, we will respond with particularity to every issue raised today by Herbalife. Over the last three weeks, we have been contacted by numerous interested parties who have provided additional insight into Herbalife's business practices. We will be addressing these new issues in our updated presentation. Please go to www.factsaboutherbalife.com to view our presentation and learn more about the company."
News For HLF From The Last 14 Days
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May 19, 2015
12:16 EDTHLFFTC, states charge four cancer charities as shams
The Federal Trade Commission and 58 law enforcement partners from every state and the District of Columbia have charged four sham cancer charities and their operators with bilking more than $187M from consumers. Named in the federal court complaint are Cancer Fund of America, Cancer Support Services, Children’s Cancer Fund of America and The Breast Cancer Society. Shares of Herbalife (HLF) and Lumber Liquidators (LL) weakened intraday yesterday as speculation circulated about whether either of the companies would be the target of the FTC's announcement today.
May 18, 2015
12:12 EDTHLFHerbalife dips after FTC says to announce 'major consumer fraud' case
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May 14, 2015
19:47 EDTHLFHerbalife responds to court's final approval of class action settlement
Herbalife issued the following statement: “Herbalife welcomes the decision by the U.S. District Court for the Central District of California to grant final approval of the class action settlement in the matter of Dana Bostick v. Herbalife International of America Inc et al. As we have consistently stated, we believe that the settlement is fair, reasonable and adequate to class members, and we note the court found that the low number of claimants was not surprising in light of the substantial survey results indicating that most people join Herbalife to become discount consumers of our products."

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