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Stock Market & Financial Investment News

News Breaks
April 24, 2014
06:34 EDTHLFHerbalife says ABC report raises questions Ackman should answer
Herbalife issued a statement regarding a recent report from ABC News. The company said, "ABC News has revealed new information regarding Bill Ackman’s, Founder and CEO of Pershing Square Capital, unprecedented $1 billion campaign to manipulate Herbalife’s stock to the detriment of Herbalife’s shareholders, customers and employees. Mr. Ackman’s campaign, part of which was uncovered by ABC News, is losing its credibility with each passing day. The previously unreported information includes confirmation that Mr. Ackman has spent more than $20 million to date on his campaign...The ABC News story raises a number of important questions that Mr. Ackman should answer fully and honestly: How has Mr. Ackman spent the $20 million? Who else has Mr. Ackman or his team of agents and consultants made payments to, directly or indirectly, or made future contingency payment offers to? Did Mr. Ackman disclose his financial inducement with these individuals when lobbying state and federal regulators and lawmakers?...Additionally, as noted in the ABC News report, Herbalife is explicit with its members that “products are not intended to diagnose, treat, prevent or cure any disease or medical condition, and under no circumstances should there be any statements, advertising or implications to the contrary...Enforcement of the rules of conduct is a top priority at Herbalife, and we investigate and take all claims seriously. The Company has a compliance team of more than 300 people worldwide that monitors members’ activity and enforce Herbalife's rules."
News For HLF From The Last 14 Days
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September 15, 2014
12:14 EDTHLFHerbalife expands partnership with American Youth Soccer Organization
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September 14, 2014
16:17 EDTHLFHerbalife 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
September 5, 2014
09:10 EDTHLFHerbalife distributor claims fired for web sales, Seeking Alpha contributor says
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