Herbalife


[via @cgasparino]

The good news never stops at Carl Icahn’s favorite diet-shake purveyor, which no doubt welcomes probe number five-ish as another exciting opportunity to show it is totally above-board. Read more »

Attention eBay: Uncle Carl can be all sweetness and light, if you just do what he tells you to do. It might also help if you could get Bill Ackman to short your stock. Read more »

  • 11 Mar 2014 at 6:12 PM

Recommended Reading From Herbalife

Perhaps you noticed that The New York Times spilled a very great deal of ink on Bill Ackman’s crusade against Herbalife on Sunday. In short, sayeth the Grey Lady: Ackman spent $1 billion betting that Herbalife was a fraud and has spent the ensuing 15 months or so asking people in power to prove his hunch.

Well, if you hadn’t noticed, Herbalife would like you to take a peek. Read more »

  • 04 Mar 2014 at 3:42 PM

Bill Ackman Doing Alright For Himself This Year

No one has made Herbalife “disappear” yet, as he recently requested, but Pershing was up 11.7 percent through February, and that’s something worth celebrating. Not crying tears of joy over, but raising a glass to, nonetheless. You want wet, raw, uncontrollable displays of emotion, you’re going to need to take Herbalife out in the middle of the night. Read more »

Even better than the last time he asked, when the only thing that happened was the opposite of what he wanted, and cost him a large sum of money. Read more »

The proposed order was drafted by Herbalife and Dana Bostick, the former California distributor who is suing the company under the state’s “chain letter,” or pyramid scheme, law. It’s common for parties to come up with protective orders that forbids sharing of confidential information obtained during discovery — but the judge balked when Herbalife went a step further and suggested a “highly confidential, lawyers’ eyes only” category for “high-risk” experts that have had anything to do with Pershing Square since 2010 or might in the next three years. It defined a “Pershing Square person” as “any present or former directors, officers, executives, partners, principals, trustees, employees, agents, attorneys, accountants, advisors and representatives, or any other person(s) known, believed or suspected to be acting or purporting to act on its behalf, now or at any previous time since January 1, 2010, including but not limited to William Ackman and Sullivan & Cromwell LLP.” [NYP]