Nutrition company Herbalife Ltd on Thursday dismissed Pershing Square Capital Management's criticism of its business saying the hedge fund presentation to a conference was riddled with "misstatements and mistakes," according to a press release.
Herbalife executives had been denied access to the conference where Pershing Square founder William Ackman presented his claims that Herbalife was an pyramid scheme.
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"Had our executives been there, they would have been able to tear Mr. Ackman's premises and interpretation of our business model apart," Herbalife's statement said.
(Reporting by Emily Flitter)