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Herbalife hit with investor lawsuit over 'pyramid' claims
Monday April 14th 2014, 11:57 pm Filed under Shareholder lawsuit

The case appeared to be the first shareholder lawsuit to emerge since hedge fund manager William Ackman in December 2012 unveiled his $1 billion short position against Herbalife and said he considered it a pyramid scheme. Herbalife contends it is a legitimate multilevel marketing company and has sought to counter the claims by Ackman, who runs the $12 billion hedge fund Pershing Square Capital ... [News Source]