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>> WILLIAM ACKMAN Latest News

DEC 23, 2013 - Yahoo! News

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Ackman sticks with Herbalife short sale, promises new information in 2014

By Svea Herbst-Bayliss BOSTON (Reuters) - Herbalife is still engaged in improper recruiting tactics and is likely violating multi-level market restrictions in China, activist hedge fund manager William Ackman wrote to his investors on Monday. The billionaire investor on Monday told clients in a letter, seen by Reuters, that he would soon be releasing findings that his own investigation into the nutrition and weight loss company has turned up. Herbalife prohibited "lead generation" methods to find new distributors at the end of June, but Ackman said the practices, promoted by the ... Read More

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