Bill Ackman’s Herbalife Battle Goes Underground

January 03, 2018   Michelle Celarier

Orion Research claims that the nutritional products company’s distributors appear to be flouting the terms of its settlement with the Federal Trade Commission.

Last fall Pershing Square Capital CEO Bill Ackman converted his beleaguered Herbalife short into put options, capping his potential losses as the nutritional products company’s shares rose amid a stock buyback that sent them surging more than 60 percent — …

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