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Pershing Square Capital Management,
L.P. ("Pershing Square") today released a detailed analysis comparing
Herbalife Ltd.
HLF and Fortune Hi-Tech Marketing, the pyramid scheme that was
recently prosecuted by the Federal Trade Commission and Attorneys General from
Kentucky, North Carolina and Illinois.
Using the same analytical framework and legal standards that the FTC used to
conclude that Fortune Hi-Tech Marketing is a pyramid scheme, Pershing Square
believes that Herbalife clearly violates those same standards. The new report
entitled "Side-by-Side: A Comparison of Fortune Hi-Tech Marketing and
Herbalife" is based upon extensive court filings and related materials in the
Fortune Hi-Tech case. The report lays out Pershing Square's analysis
point-by-point.
To view the new report as well as the supporting materials on which it relies,
please visit www.factsaboutherbalife.com.
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