Market Overview

Ackman's Pershing Square Issues New Presentation Which Compares Herbalife to Fortune Hi-Tech Marketing

Related HLF
CVS Caremark Upped to Buy - Analyst Blog
Herbalife Issues Statement Regarding Illinois AG Probe
Pershing Chief Contributed to Schneiderman AG Campaign (Fox Business)

Pershing Square Capital Management, L.P. ("Pershing Square") today released a detailed analysis comparing Herbalife Ltd. (NYSE: 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.

Posted-In: Bill AckmanNews Hedge Funds General

 

Most Popular

Related Articles (HLF)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free