Herbalife Ltd. in Limelight for Making False Medi Claims

Admin   |   12 December, 2014   |   561   |   3980

Herbalife Ltd. (NYSE:HLF) is back in the spotlight yet again, thanks to Bill Ackman’s firm, Pershing Square Capital Management. This month marks two years since the activist investor publicly announced his short of the nutritional supplements company. Now his firm accuses Herbalife distributors of “routinely making false, dangerous and illegal medical claims to potential customers.

New Herbalife video posted

Pershing Square issued a press release making these new allegations this morning. The firm also posted a video about it on its anti-Herbalife website. The video allegedly shows some distributors of Herbalife’s products violating regulations set forth by the Food and Drug Administration and also an injunction issued in California in 1986. That injunction demanded that Herbalife and its distributors stop making the illegal medical claims immediately.