Herbalife preparing for online counterattack against Ackman, NY Post says According to a report by the New York Post, Herbalife (HLF) has registered three domain names related to Bill Ackman. The report says the sites are currently inactive, but appear to be part of an internet-based campaign to counter the presentation given by Ackman that called the company a pyramid scheme in December. Reference Link
FTC, 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.