|ABC News has revealed new information regarding Bill Ackman’s, Founder and CEO of Pershing Square Capital, unprecedented $1 billion campaign to manipulate Herbalife’s stock to the detriment of Herbalife’s shareholders, customers and employees. Mr. Ackman’s campaign, part of which was uncovered by ABC News, is losing its credibility with each passing day.|
|The previously unreported information includes confirmation that Mr. Ackman has spent more than $20 million to date on his campaign. This includes a contractual arrangement to pay an individual up to $3.6 million over 10 years to make accusations against Herbalife, in addition to Mr. Ackman’s agreement to pay the individual’s legal fees and arrange his public relations efforts. Importantly, when the individual was on ABC News – an interview that Mr. Ackman’s PR team helped to arrange – he failed to disclose the existence of his contract with Ackman and, in fact, the contract itself contains a confidentiality clause.|
|The payments are only one part of a calculated, coordinated and well-funded effort by Mr. Ackman and his agents to offer secret, undisclosed payments to individuals and organizations to bring false and misleading charges against Herbalife.|
Herbalife Comments On ABC News Report Exposing More Of Bill Ackman’s Undisclosed Financial Arrangements
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.