REPORT: The FBI is investigating Bill Ackman over Herbalife

Admin   |   14 March, 2015   |   1370   |   3980

Herbalife Responds to News Reports That Individuals Involved in the Campaign Orchestrated by Bill Ackman Are under Criminal Investigation

LOS ANGELES - Alan Hoffman, executive vice president, global corporate affairs, for nutrition company Herbalife today issued the following statement:

"Mr. Ackman has a $1 billion bet against Herbalife and a direct financial interest in hurting our company. For more than two years, he has spent over $75 millionorchestrating a false and fabricated attack against Herbalife, all in an effort to enrich himself. We are confident in the strong fundamentals of our business model and have remained committed to helping people and communities improve their nutrition, while knowing that one day his tactics would be exposed."

About Herbalife Ltd.

Herbalife Ltd. is a 35-year-old global nutrition company that sells weight-management, nutrition and personal care products intended to support a healthy lifestyle. Herbalife products are sold in more than 90 countries to and through a network of independent distributors. The company supports the Herbalife Family Foundation and its Casa Herbalife program to help bring good nutrition to children. Herbalife's website contains a significant amount of financial and other information about the company at http://ir.Herbalife.com. The company encourages investors to visit its website from time to time, as information is updated and new information is posted.

Herbalife Ltd.

Julian Cacchioli

VP, Worldwide Corporate Communications

213-745-0519

Source: Herbalife Ltd.