date:Jul 24, 2014
50 million of Pershing Square Capital Management LPs money for a probe that included undercover investigators. He has since predicted that Herbalifes distributors would leave in droves and that auditors wouldnt sign off on the companys financial statements. So far, he is wrong about both.
Ackmans presentations alleging fraud included one on Herbalifes China unit and another featuring a documentary and panel discussion with former distributors claiming to have been scammed. The shares rose after