Herbalife Issues Scathing Statement On Bill Ackman Ahead Of Valeant Call

By Ciara LinnaneMarketWatch Pulse

Herbalife Ltd. issued a scathing statement on hedge fund manager and shareholder activist Bill Ackman Friday. Ackman, who has amassed a large short position in Herbalife and repeatedly charged it with being a Ponzi scheme, is hosting an investor call to discuss his stake in troubled drug maker Valeant Pharmaceuticals International Inc. . "I hope Bill Ackman has done more research on Valeant than he did on Herbalife, Target, Borders and JC Penney," said Alan Hoffman, executive vice president, global corporate affairs, at Herbalife.

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