FTC investigates Herbalife’s operations after months of Ackman complaints

William Ackman’s hedge fund, Pershing Square Capital Management, has been shorting Herbalife stock since 2012

After months of lobbying the U.S. government for an inquiry of marketing and distributing company Herbalife Ltd., it seems that billionaire investor William Ackman is finally receiving his wish.

On March 12, Herbalife announced that the Federal Trade Commission (FTC) has opened an investigation into the company’s operations. The FTC will determine whether Herbalife’s business practices are deceptive.

Assistant Editor

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Zach Warren

Zach Warren is Assistant Editor of InsideCounsel magazine, where he oversees online content submissions and administers InsideCounsel's enewsletters. Zach specializes in new media and multimedia...

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